Tap here to download the Cisco News Mobile App for the best Cisco Network mobile experience!

Cisco Completes Acquisition of Viptela

Cisco Completes Acquisition of Viptela
Cloud-first SD-WAN solution offers flexibility and simplicity to enterprises and telecom carriers
Cisco Completes Acquisition of Viptela READ FULL ARTICLE

Cisco Completes Acquisition of Viptela

03 Aug 2017
  • Press Release

  • 58

  • Save

  • Vision & Strategy, Collaboration

SAN JOSE, Calif. – August 1, 2017 – Cisco (NASDAQ: CSCO) announced today it has completed the acquisition of Viptela Inc., a privately held software-defined wide area network (SD-WAN) company based in San Jose. Viptela will expand Cisco's SD-WAN portfolio with increased flexibility and simplicity delivered through the cloud.

In June, Cisco unveiled a new generation of intent-based networking solutions that represent one of the most significant breakthroughs in enterprise networking history. The intuitive network constantly learns, adapts, automates and protects, providing organizations with an intelligent and secure platform for digital transformation. The acquisition of Viptela fits into Cisco's strategic transition towards a software-centric, subscription-led networking model.

Viptela provides a compelling SD-WAN solution with advanced routing, segmentation and security capabilities for interconnecting complex enterprise networks. Its cloud-based network management, orchestration and overlay technologies make it easy to deploy and manage SD-WAN.

Cisco will commit significant engineering resources to bring next-generation SD-WAN solutions based on Viptela's industry leading technology to market. It will combine Viptela's cloud-first network management, orchestration and overlay technologies with industry-leading enterprise routing platforms and solutions from Cisco.

The Viptela team will join the Enterprise Routing team within the Networking and Security Business led by senior vice president David Goeckeler.

Cisco acquired Viptela for $610 million in cash and assumed equity awards.

For more information about Cisco's acquisition of Viptela, please visit our blog.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds

Forward-Looking Statements

This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Cisco's ability to deliver a comprehensive portfolio of comprehensive on-premises, hybrid, and cloud-based SD-WAN solutions, Cisco's ability to accelerate the path to developing next generation SD-WAN solutions, by combining Viptela's cloud first network management, orchestration and overlay technologies with industry-leading routing platforms, services, and SD-WAN capabilities from Cisco, ensuring continued support for customers, the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding Viptela personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due a variety of factors, including, among other things, obtaining regulatory approval of the acquisition or that other conditions to the closing of the transaction may not be satisfied, the potential impact on the business of Viptela due to the uncertainty about the acquisition, the retention of employees of Viptela and the ability of Cisco to successfully integrate Viptela and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
 

 

Release Contacts

Robyn Blum

press

+1 408 853 9848

rojenkin@cisco.com

 

Carol Villazon

investor

+1 408 527 6538

carolv@cisco.com

 

Brenna Karr-Gibbs

press

+1 949 887 0630

brekarr@cisco.com

 

Also post on Post
0 Comments