RESEARCH TRIANGLE PARK – Tech giant Cisco says it plans to buy Colorado-based Singularity Networks, a provider of network infrastructure analytics.
The companies did not disclose financial terms of the deal, which was announced earlier this week.
Cisco operates one of its largest tech campuses in RTP, employing several thousand people there as employees and contractors.
“Singularity Networks captures, enriches, and analyzes network data to help service providers, web companies and enterprises improve network performance, manage costs, gain visibility, and reduce downtime,” wrote Rob Salvagno, Vice President of Corporate Development and Cisco Investments, in a blog post.
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“Service Providers today are challenged to meet intense demands for always on connectivity powered by reliable, high speed bandwidth. They need a holistic view of network performance to anticipate and proactively manage their traffic patterns. With network automation software and innovative data collection techniques, we are helping our service provider customers transform how they operate their infrastructure.”
Cisco says it will incorporate Singularity Network’s technology into its Crossworl Network Automation offerings.
“Singularity Networks technology will help to provide reliable, timely, and actionable information about what’s happening in the network 24/7 to deliver premium networked experiences,” Salvagno wrote.
The deal is expected to close later this year.
