Cisco agreed to acquire privately held Composite Software, a developer of data virtualization software and services, approximately $180 million in cash and retention-based incentives.
Composite Software, which is based in San Mateo, California, connects many types of data from across the network and makes it appear as if it's in one place. Composite's software integrates traditional and new data sources including cloud and big data, into a simplified consolidated view.
Cisco said Composite's software will expand its portfolio of Smart Services, enabling companies to better leverage network knowledge (APIs) and programmability, which maximizes the benefits of data virtualization. As with the transition from physical servers to server virtualization and from physical networks to network virtualization, together Cisco and Composite will accelerate the shift from physical data integration to data virtualization for customers and partners.
"Cisco's strategy is to create a next generation IT model that provides highly differentiated solutions to help solve our customers' most challenging business problems," said Gary Moore, Cisco president and chief operating officer. "By combining our network expertise with the performance of Cisco's Unified Computing System and Composite's software, we will provide customers with instant access to data analysis for greater business intelligence."
http://thenetwork.cisco.com
http://www.compositesw.com
- Composite Software was founded in 2002. Investors included Apax Partners, Clearstone Venture Partners, Dot Edu Ventures, Palomar Ventures and Tenaya Capital.
