Cisco to buy Cloupia for $125 million

NEW YORK Thu Nov 15, 2012 8:11am EST

NEW YORK Nov 15 (Reuters) - Cisco Systems plans to buy Cloupia, a privately held data center software company, for about $125 million, including retention-based incentives.

The deal, which is subject to closing conditions, is expected to close in the second quarter of Cisco's fiscal year 2013, the company said on Thursday.