Stockholm, June 19, 2014: Cisco has announced its intent to acquire privately held Swedish firm Tail-f Systems, a well-known brand in multi-vendor network service orchestration solutions for traditional and virtualised networks.
Cisco said in a written statement that it will pay approximately US $175 million in cash and retention-based incentives in exchange for all shares of Tail-f. The acquisition of Tail-f is expected to be complete in the fourth quarter of fiscal year 2014, subject to customary closing conditions.
Headquartered in Stockholm, Tail-f’s products help service providers and enterprise IT organisations easily and cost-effectively implement applications, network services and solutions across networking devices, reducing in many cases, the time-to-market for network equipment vendors building equipment for agile, software-programmable networks.
The move by Cisco is expected to help boost its network-management tools for the Internet of Things (IoT) sector, an area that the company has accorded the highest priority.
In a separate statement on its own Site, Tail-f has said: The explicit goal is to simplify and automate the provisioning and management of both physical and virtual infrastructure services in multi-vendor networks.
Tail-f will retain some autonomy as its products will continue to be sold on a standalone basis, it is learnt.
Image Credit: Twitter/Tail-f
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