Cisco, in its continuous attempt to improve its services, has recently acquired WhipTail, a solid state storage providing company,for $415 Mn cash and retention-based incentives in exchange for all shares of WhipTail.
As a part of the deal, WhipTail employees will be integrated into the Cisco’s Computing Systems Product Group led by Paul Perez, Vice President and General Manager, Cisco Systems. The deal is expected to be closed in the first quarter of fiscal year 2014.
WhipTail, based in Whippany, N.J., and backed by investors including Ignition Partners, RRE Ventures, SanDisk and Spring Mountain Capital, basically provides flash-powered application acceleration technology. This technology enable organizations to simplify data center and virtualized environments and process more data in less time.
It provide companies with a series of products viz. Accela, Invicta and Invicta Infinity, along with its patented RACERUNNER operating system.
Also, in late 2012, the company raised $20 Mn in Series C funding as disclosed in an SEC filing.
The move is taken in order to strengthen Cisco’s Unified Computing System™ (UCS) strategy and enhance application performance by integrating WhipTail’s solid state memory systems into the UCS’s fabric computing architecture. Post acquisition, UCS and WHIPTAIL, together with Cisco Nexus® data center switches, will accelerate Cisco innovation and momentum in the converged infrastructure.
“We are focused on providing a converged infrastructure including compute, network and high performance solid state that will help address our customers’ requirements for next-generation computing environments,” said Paul Perez.
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Category Internet Investments News