Cisco Systems To Acquire Cloud Computing Company SolveDirect

Cisco Systems has revealed that it would acquire SolveDirect, a privately held enterprise software company based in Vienna, Austria to boost Cisco’s growing portfolio of products for cloud computing environments.The terms of the acquisition were not disclosed.

Cisco is the No. 1 maker of computer networking gear such as switches and routers and has been building up its software business through mostly small acquisitions of software companies that deal in cloud computing, a system that lets companies access their data and apps over the Internet “cloud.” Other tech giants that aim to sell a broad range of products and services to enterprises, such asIBM and Oracle also are expanding their cloud efforts.

Acquiring SolveDirect will help push Cisco’s move into the cloud, Hilton Romanski, Cisco’s head of global mergers and acquisitions, said in a company blog post on Monday.

“The move toward multi-sourcing and cloud services is accelerating the development of large ecosystems of companies that need to share data in a secure and scalable way,” he wrote. “SolveDirect’s cloud-based solutions offer enterprises and service providers a flexible way to integrate with service partners and automate sharing of processes, data and work flows in real-time by eliminating manual practices and bottlenecks, driving significant operational efficiencies.”

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