Cisco Puts Up $415M For Flash Storage Co. Whiptail

Law360, New York (September 10, 2013, 11:16 AM EDT) -- Cisco became the latest Silicon Valley mainstay to make a bet on flash storage software on Tuesday when it unveiled a $415 million plan to absorb venture-backed Whiptail, a startup that has pioneered a slate of cloud-based memory management tools.

The acquisition is the latest in a string for Cisco, which has built up business over the past year through a series of purchases. It comes as Cisco slowly broadens business from its flagship networking offerings by dipping into new facets of the tech industry, including...
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