SAN JOSE, Calif. – September 29, 2014 – Cisco today completed the acquisition of privately held Metacloud. Based in Pasadena, Calif., Metacloud deploys and operates private clouds for global organizations with a unique OpenStack-as-a-Service model that delivers and remotely operates production-ready private clouds in a customer's data center. Metacloud's OpenStack-based cloud platform will accelerate Cisco's strategy to build the world's largest global Intercloud.
Cisco also today announced that more than 30 additional companies, including Deutsche Telekom (DT), BT and Equinix, have added their support to the Intercloud —the worldwide network of interconnected clouds – which Cisco and its partners are rapidly developing to enable a new generation of standardized cloud applications and the proliferation of secure hybrid clouds.
The Metacloud team joins Cisco's Cloud Infrastructure and Managed Services organization led by Faiyaz Shahpurwala, senior vice president.
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Forward-Looking Statements
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 customers from completing the acquisition, plans regarding Metacloud personnel, and acceleration of Cisco's Intercloud strategy. 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 Metacloud due to the uncertainty about the acquisition, the retention of employees of Metacloud and the ability of Cisco to successfully integrate Metacloud 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 report on Form 10-K. 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.
