After a fine quarterly earnings report, Cisco Systems (NASDAQ:CSCO, news, filings) stopped off for dessert in the clouds. They announced this morning their intention to acquire Cloupia, which offers infrastructure management software.
Cisco will be integrating Cloupia's platform with its Unified Computing System offerings, helping enterprises and service providers to manage all those virtual resources they're assembling for their next generation IT infrastructure. And perhaps they'll manage to rebrand Cloupia. Yes, I know it's supposed to be a synthesis of 'cloud' and 'utopia' or some such, but it has this unpleasant, shall we say, medical ring to it.
Cisco may be issuing dividends now, and its pace of acquisitions is more sedate after the debacle a couple years ago, but they're still sitting on an enormous cash horde so they can make moves like this any time they want. Cloupia's employees will be folded into Cisco's data center group. The purchase cost Cisco $125M in cash and incentives, and is expected to close in Cisco's second quarter of 2013. Their first quarter just ended two weeks back, so that means by the end of February.
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