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Cisco Systems Inc Completes Acquisition of Composite Software


Tuesday, 30 Jul 2013 04:05pm EDT 

Cisco Systems Inc announced that it has completed the acquisition of privately held Composite Software, Inc. Headquartered in San Mateo, Calif., Composite provides software technology that connects many types of data from across the network and makes it appear as if it's in one place. Composite employees will join the Cisco Services team, under the leadership of Mala Anand, senior vice president, Cisco Services Platforms Group, and Mike Flannagan, senior director and general manager of the Integration Brokerage Technology Group. Under the terms of the agreement, Cisco will pay approximately $180 million in cash and retention-based incentives in exchange for all shares of Composite. 

Company Quote

25.9
-0.02 -0.08%
12:34pm EDT