Cisco Systems to buy Cloupia

Silicon Valley’s inexorable march to the cloud – where data is managed from  Internet-based servers – quickened Thursday with Cisco Systems’ announcement that the San Jose networking giant is buying Cloupia.

The Santa Clara software company’s technology helps companies control  their data from a single computer screen.

“The acquisition reflects the growing importance of automation/management capabilities as the industry gradually moves to software-defined datacenters,” concluded Brian Marshall, an analyst with the ISI Group in a note to his clients.

Cisco said it “will pay approximately $125 million “in cash and retention-based incentives in exchange for all shares of Cloupia.” The deal is expected to be completed in the second quarter next year.

Steve Johnson Steve Johnson (227 Posts)

Steve Johnson covers the microchip industry, cyber security and the big-technology sector that includes Hewlett-Packard, Oracle and Cisco Systems.