By WRAL Tech Wire

RESEARCH TRIANGLE PARK, N.C. – Cisco has reportedly funded the advanced networking startup Insieme with $100 million, with the right to eventually buy the company for as much as $750 million more.

According to reports, Insieme was founded by three Cisco employees who have previously created two other Cisco-funded companies, one in data storage and one in high-speed networking.

Like Insieme, these companies also were designed to be purchased by Cisco, a creation known as a “spin in” company.

Insieme is expected to boost Cisco’s portfolio in the expanding market of software-defined networking, or S.D.N., which is expected to be an inexpensive and efficient way to deploy large cloud computing systems.

More details about the investment are expected in a late-May regulatory filing with the SEC.

Cisco employs approximately 4,800 in Research Triangle Park.