Cisco Announces Intent to Acquire Cloupia
Acquisition Extends Cisco's Data Center Portfolio With Software That Enables Management of Converged Infrastructure Solutions
SAN JOSE, CA, Nov 15, 2012 (Menafn - MARKETWIRE via COMTEX) --With cloud computing driving the transition to convergedinfrastructure, the need for simplified management systems acrosscompute, storage, network and virtualization functions is increasing.To help address this need, Cisco CSCO today announced itsintent to acquire privately held Cloupia, a Santa Clara, Calif.-basedsoftware company that automates converged data center infrastructure-- allowing enterprises and service providers to simplify thedeployment and configuration of physical and virtual resources from asingle management console.
Cloupia's infrastructure management software enhances Cisco's UnifiedComputing System(R) (UCS) and Nexus(R) switching portfolio with asingle "pane-of-glass" view into the automation of compute, network,storage, virtual machine, and operating system resources. Whencombined with leading data center management solutions like Cisco UCSManager, Cloupia allows enterprises and service providers toseamlessly manage pools of computing power, network services, storageand virtual machines as a unified whole in order to deploy anddeliver IT services more rapidly and at lower costs.
"Cisco's data center strategy is based on the premise of making iteasier for customers to deploy a unified and integratedinfrastructure that is efficient, fast, and flexible," said DavidYen, senior vice president and general manager, Cisco Data CenterBusiness Group. "This strategy involves the delivery of theindustry's most comprehensive data center networking portfolio, whichincludes physical and virtual products that support multiplehypervisors and storage stacks. The addition of Cloupia's automationsoftware enhances the efficiency of such unified data centerinfrastructures, helping to accelerate the transition from physicalto cloud environments more quickly and effectively."
Mergers, acquisitions and investments are a key part of Cisco'sbuild, buy, and partner innovation framework and support our strategyof providing best-in-class solutions for customers. The Cloupiaacquisition aligns to Cisco's strategic goals to develop innovativedata center, virtualization and cloud technologies, while alsocultivating top talent.
Upon the close of the acquisition, Cloupia employees will beintegrated into Cisco's Data Center Group. Under the terms of theagreement, Cisco will pay approximately 125 million in cash andretention-based incentives in exchange for all shares of Cloupia. Theacquisition is subject to various standard closing conditions and isexpected to be complete in the second quarter of Cisco's fiscal year2013.
Cisco CSCO is the worldwide leader in networking thattransforms how people connect, communicate and collaborate.Information about Cisco can be found at http://www.cisco.com. Forongoing news, please go to http://newsroom.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks ofCisco and/or its affiliates in the U.S. and other countries. Alisting of Cisco's trademarks can be found atwww.cisco.com/go/trademarks. Third-party trademarks mentioned are theproperty of their respective owners. The use of the word partner doesnot imply a partnership relationship between Cisco and any othercompany.
This press release may be deemed to contain forward-lookingstatements, which are subject to the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995, including theexpected completion of the acquisition and the time frame in whichthis will occur, the expected benefits to Cisco and its customersfrom completing the acquisition, and plans regarding Cloupiapersonnel. Readers are cautioned that these forward-lookingstatements are only predictions and may differ materially from actualfuture events or results due to a variety of factors, including,among other things, the potential impact on the business of Cloupiadue to the uncertainty about the acquisition, the retention ofemployees of Cloupia and the ability of Cisco to successfullyintegrate Cloupia and to achieve expected benefits, business andeconomic conditions and growth trends in the networking industry,customer markets and various geographic regions, global economicconditions and uncertainties in the geopolitical environment andother risk factors set forth in Cisco's most recent reports on Form10-K and Form 10-Q. Any forward-looking statements in this releaseare based on limited information currently available to Cisco, whichis subject to change, and Cisco will not necessarily update theinformation.
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