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  • Saturday, April 20, 2024

Cisco Caps newScale Acquisition

Cisco (NASDAQ: CSCO) has finalized its sale of newScale Inc., a service catalog and self-service portal software for IT organizations looking for a quick shift to a cloud platform. services within their businesses.

According to the firm, “Cisco’s cloud strategy is to harness the network as a platform for building and using clouds and cloud services. newScale complements and expands existing Cisco and partner software offerings in IT and cloud management and automation. Cisco remains committed to supporting flexibility and choice in management through a broad ecosystem of technology partners, and newScale delivers an additional option the company can provide to its customers.”

Terms of the deal were not disclosed.

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