Cisco Finalizes Composite Software Acquisition
Jul 30th 2013 7:36PM
Updated Jul 30th 2013 7:38PM
Cisco Systems is now officially one asset larger. The company announced it has finalized the acquisition of once-privately held data visualization specialist Composite Software. Last month, Cisco inked a deal to buy the firm for roughly $180 million in cash and retention-based incentives.
Composite Software, currently headquartered in the near-Silicon Valley city of San Mateo, is to be folded into its new owner's services platforms and integration brokerage technology units.
In the press release announcing the news, Cisco touted the synergies of the acquisition, saying that Composite Software "will expand Cisco's portfolio of Smart Services and extend our next-generation services platform by connecting data and infrastructure."
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