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

L3Harris, Northrop Awarded Air Force F-16 Electronic Warfare Prototype OTAs

The U.S. Air Force has awarded L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) other transaction agreements to develop and demonstrate electronic warfare system prototypes for the service branch’s F-16 fighter jets.

Centauri Promotes Brian Young to Space Control Programs VP

Brian Young, a more than two-decade aerospace engineering professional, has been promoted to vice president of space control programs at Chantilly, Va.-based government contractor Centauri.