Boston, MA, 11/13/2013 (wallstreetpr) – Cisco Systems, Inc. (NASDAQ:CSCO) in recent years seen its competitors taking Software Defined Networking (SDN) seriously and now it is trying to gain a foot hold in the segment. It had started by owning 85% of in Insieme, the SDN startup, which it has now bought up completely.
SDN technology is in the ling of high cost networking in the hardware segment and the company cannot watch its competitors having an advantage in the segment. That is why the acquisition of Insieme is making sense as it hoping to change how the information technology Market will work. Through the buy the company is looking to have a multibillion business and a platform to ensure financial savings for its clients.
The company’s IP based products are widely used in the area of internet infrastructure development and it has a global client base of the top companies in the internet networking arena. The company cannot rest on this alone to win big returns for its investors and it’s taking bold moves by buying companies that have been started recently to get new talent and promising technology is a great idea.
It has promised its shareholders and clients that it still has the ability to remain the leader in the IP equipment sector. Its growing collection of bought out companies and technology that is being developed or been developed gives the company the ability to compete in this sector.
In other news it’s been learnt that its competitor in the network switches segment Arista Networks has completed its process of selecting banks for the IPO it proposes to hold next year. It is learnt that Morgan Stanley, Citigroup and Credit Suisse will lead the offering. While Morgan Stanley could not be reached for a comment, Arista, Citigroup and Credit Suisse refused to comment on the same.
