Last week, Cisco announced it has completed the acquisition of Tail-f Systems, one of the major players in multi-vendor network service orchestration solutions for networks.
The last time Cisco was shopping in Sweden, was 2000 when they bought the optic company Qeytone (that later was taken off the market). Tail-f’s products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Headquartered in Stockholm, Sweden, Tail-f’s technology also helps reduce the time-to-market for network equipment vendors building equipment for agile, software-programmable networks.
Tail-f employees join Cisco’s Cloud and Virtualization Group. For the acquisition, Cisco will pay approximately $175 million in cash and retention-based incentives in exchange for all shares of Tail-f. Fredrik Wester from Tail-f tells Computer Sweden that this is something that has been discussed for several years between the two companies.
Source: Cisco News Room