ChannelLife NZ - Cisco announces intent to acquire Cloupia

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Cisco announces intent to acquire Cloupia

Cisco has today announced its intent to acquire privately held California-based software company Cloupia.

The communications company says the firm automates converged data centre infrastructure which enterprises and service providers use to simplify the deployment and configuration of physical and virtual resources from a single management console.

Cloupia employees will be integrated into Cisco’s Data Center Group under the terms of the agreement, with the company expected to pay approximately US$125 million in cash and retention-based incentives in exchange for all shares of Cloupia.

Subject to various standard closing condition, the deal is expected to be completed in the second quarter of Cisco’s fiscal year 2013.

The multinational firm says the acquisition "aligns to Cisco’s strategic goals to develop innovative data center, virtualization and cloud technologies, while also cultivating top talent."

“Cisco’s data center strategy is based on the premise of making it easier for customers to deploy a unified and integrated infrastructure that is efficient, fast, and flexible,” says David Yen, senior vice president and general manager, Cisco Data Center Business Group.

"This strategy involves the delivery of the industry’s most comprehensive data center networking portfolio, which includes physical and virtual products that support multiple hypervisors and storage stacks.

"The addition of Cloupia’s automation software enhances the efficiency of such unified data center infrastructures, helping to accelerate the transition from physical to cloud environments more quickly and effectively.”

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