Cisco plans to acquire Singularity Networks
Cisco has announced that it plans to acquire network infrastructure analytics company Singularity Networks.
Singularity Networks is a privately-held firm that captures enriches and analyses network data to help service providers, web companies and enterprises improve network performance, manage costs, gain visibility and reduce downtime.
Cisco says it plans to integrate Singularity Network’s analytics capabilities into its Crosswork Network Automation portfolio which helps service providers automate their networks.
SEE ALSO:
- Read the latest issue of Gigabit magazine
- DropBox makes largest acquisition to date purchasing e-signature startup HelloSign for $230mn
- BMW, Jaguar and Porsche invest in roadside assistance startup Urgent.ly
- Adobe doubles down on 3D content design with Allegorithmic acquisition
Commenting on the acquisition in a blog post, Rob Salvagno, VP of Corporate Development and Cisco Investments, wrote: “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.”
The acquisition is expected to close in the third quarter of Cisco’s fiscal year 2019.
Financial terms of the deal were not disclosed.
