Cisco will acquire the remaining interest that it does not yet hold in San Jose-based Insieme Networks, its in-house spin-in focused on application centric infrastructure products. Insieme was started by three Cisco insiders: Prem Jain, Mario Mazzola and Luca Cafiero.
Insieme’s platform is being labeled the Nexus 9000 family of data center switches for End-of-Row (EoR), top-of-rack and middle-of-rack deployments.
Upon the close of the transaction, Insieme will become a wholly-owned business of Cisco. The maximum potential payout as a result of Cisco’s acquisition is $863 million, based primarily on the revenue achieved by the sale of Insieme products.
http://www.insiemenetworks.com/
- In April 2012 Cisco announced it made an investment in Insieme Networks of $100 million, and agreed to commit an additional $35 million in November 2012 upon the satisfaction of certain conditions.
