Cisco snaps up remaining chunk of Nuova

Cisco Systems is acquiring the 20 percent of data center switch vendor Nuova Systems that it does not already own in a deal that ultimately could be valued around $678 million. The company, originally called Nuova Impressa, was founded in 2005 and later received funding from Cisco. It was started by the Cisco veterans who previously had founded and later sold another firm, Andiamo, to Cisco. And at least a couple of them first came into the Cisco family years before Andiamo when Cisco acquired Crescendo--yes, there are at least a couple of Italians involved, including former Cisco chief development officer Mario Mazzola.

Anyway, Nuova Systems is producing a 10 Gbps Ethernet switch that will be key to Cisco's server virtualization strategy for data center. Be sure to watch this Friday's issue of FierceTelecom for more about this acquisition and what it means for the service provider community.

For more:
- read this story at Light Reading

Related article:
- Cisco Systems announced an aggregation services router last month. Cisco Systems report

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.