Cisco demonstrated with this acquisition its strategy is to harness the network as a platform for building and using clouds. Parvesh Sethi, senior vice president of Cisco Services was quoted in the release, "Cloud computing represents a major shift in the evolution of the Internet, and as more customers migrate from traditional IT infrastructures, the need for rapid self-provisioning and efficient management becomes increasingly critical.”
Financial terms of the transaction are undisclosed. The acquisition is expected to be complete in the second half of Cisco's fiscal year 2011, and the newScale team will join Cisco's Advanced Services organization.
Valerie Valentine is senior editor for Information Management. You can follow her on Twitter at @va1va1entine or via email at valerie.valentine@sourcemedia.com.
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