Thursday, September 29, 2005

Cisco to Acquire Nemo Systems

Cisco Systems agreed to acquire Nemo Systems, a start-up based in Los Altos, California, for up to $12.5 million in cash.

Nemo Systems has developed technology in the network memory space that will offer enhanced performance on Cisco's core switching platforms and service modules. Cisco said this technology will allow its customers to scale network systems and line card bandwidth while reducing the overall cost of high-performance networking systems.

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