SAN JOSE, Calif. – July 30, 2013 – Cisco today announced it has completed the acquisition of privately held Composite Software, Inc., a market leader in data virtualization software and services. Headquartered in San Mateo, Calif., Composite provides software technology that connects many types of data from across the network and makes it appear as if it’s in one place.
Composite will expand Cisco’s portfolio of Smart Services and extend our next-generation services platform by connecting data and infrastructure.
Composite employees will join the Cisco Services team, under the leadership of Mala Anand, senior vice president, Cisco Services Platforms Group and Mike Flannagan, senior director and general manager of the Integration Brokerage Technology Group. Under the terms of the agreement, Cisco will pay approximately $180 million in cash and retention-based incentives in exchange for all shares of Composite.
Courtesy of Cisco.com