Cisco is to pay $175m for a Swedish firm called Tail-f in a move to help boost its network-management tools for the Internet of Things (IoT) revolution, an area Cisco has already outlined as crucial for the future.
Tail-f provides tools to help companies install, manage and maintain networks and applications running on top of the network, and is headquartered in Stockholm.
Hilton Romanski, senior vice president for Cisco Corporate Development, said its offerings were ideal for the firm's push to ensure to meet the huge demand the IoT will have on networks across the world.
“With a rapidly increasing number of people, devices and sensors connecting across the Internet of Everything, service providers require new capabilities to deliver value-added, cloud-based services and applications,” he said.
“The acquisition of Tail-f’s network services configuration and orchestration technology will extend Cisco’s innovation in network function virtualisation, helping service providers reduce operating costs and the time it takes to deploy new services, making agile service provisioning a reality.”
The CEO of Tail-f Fredrik Lundberg said the deal was a great move for the company, and could take its assets and intellectual property far further thanks to Cisco's clout in the market.
"We’re looking forward to bringing our open, standards-based and model-driven service orchestration NCS [network control system] software to more customers and partners as part of Cisco’s global presence," he said.
"This acquisition demonstrates Cisco’s commitment to open standards including the Netconf protocol and the Yang data-modelling language, and provides an unprecedented opportunity for lasting change in the way our industry designs, builds and maintains programmable networks."
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