Cisco Completes Acquisition of newScale
SAN JOSE, Calif. - April 15, 2011 - Cisco today announced it has completed its acquisition of privately-held newScale Inc., a leading provider of software that delivers a service catalog and self-service portal for IT organizations to select and quickly deploy cloud services within their businesses. Based in San Mateo, Calif., newScale allows commercial and enterprise customers to initiate the provisioning of their own systems and infrastructure on an as-needed basis.
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.
Financial terms of the transaction are undisclosed. With the close of the acquisition, the newScale team reports into Cisco's Advanced Services organization.
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This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected benefits to Cisco and its partners and customers from completing the acquisition and plans regarding newScale personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of newScale due to the uncertainty about the acquisition, the retention of employees of newScale and the ability of Cisco to successfully integrate newScale and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.