Cisco (CSCO) to Acquire Cloupia in $125M Deal
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Cisco Systems, Inc. (NASDAQ: CSCO) announced its intent to acquire privately held Cloupia, a Santa Clara, Calif.-based software company that automates converged data center infrastructure -- allowing enterprises and service providers to simplify the deployment and configuration of physical and virtual resources from a single management console.
Upon the close of the acquisition, Cloupia employees will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco will pay approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia. The acquisition is subject to various standard closing conditions and is expected to be complete in the second quarter of Cisco's fiscal year 2013.
Upon the close of the acquisition, Cloupia employees will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco will pay approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia. The acquisition is subject to various standard closing conditions and is expected to be complete in the second quarter of Cisco's fiscal year 2013.
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