Home / M&A Activity / Cisco Caps newScale Acquisition

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.

Check Also

Boeing Gets $416M Contract Modification for Full-Rate Navy Maritime Aircraft Production, Delivery

Boeing (NYSE: BA) will manufacture and deliver full-rate production maritime aircraft for the U.S. Navy …

Northrop Grumman Wins $434M State Dept. Consular Systems Modernization Contract

The State Department announced in a Federal Business Opportunities notice posted Tuesday that it will award …