Cisco (Nasdaq: CSCO) is paying $415 million to acquire Whiptail, a venture capital backed and privately held storage software company based in New Jersey.
The deal was announced early Tuesday.
The acquisition is one of several Cisco has made in recent months in the United States even though Chairman and CEO John Chambers has been reluctant to make deals in the U.S. due to a continuing dispute with the federal government about taxes.
Whiptail’s technology will boost Cisco’s own Unified Computing System, the networking giant said. Whiptail focuses on scalable, high-performance solid state memory systems.
“We are focused on providing a converged infrastructure including compute, network and high performance solid state that will help address our customers’ requirements for next-generation computing environments,” said Paul Perez, vice president and general manager of the Cisco Computing Systems Product Group. “As we continue to innovate our unified platform, WHIPTAIL will help realize our vision of scalable persistent memory which is integrated into the server, available as a fabric resource and managed as a globally shared pool.”
Whiptail employees will become part of the Computing Systems Product Group.
The $415 million includes cash and retention-based incentives.
Cisco operates its second largest corporate campus in RTP.
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