Cisco Completes Acquisition of Cloupia
SAN JOSE, Calif. – December 10, 2012 – Cisco today announced it has completed the acquisition of privately held Cloupia, a Santa Clara, Calif.-based software company that automates converged data center infrastructure – allowing enterprises and service providers to simplify the deployment and configuration of physical and virtual resources from a single management console. This acquisition includes Cloupia's infrastructure management software and talent. When combined with Cisco's leading data center management solutions, Cloupia will enable enterprises and service providers to seamlessly manage pools of computing power, network services, storage and virtual machines as a unified whole in order to deploy and deliver IT services more rapidly and at lower costs.
The Cloupia team will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco paid approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia.
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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. These statements include, among others, statements regarding Cisco's ability as a result of the acquisition to enable enterprises and service providers to seamlessly manage pools of computing power, network services, storage and virtual machines as a unified whole in order to deploy and deliver IT services more rapidly and at lower costs, and plans regarding Cloupia 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 Cloupia due to the uncertainty about the acquisition, the retention of employees of Cloupia and the ability of Cisco to successfully integrate Cloupia 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.