Cisco to buy out start-up Insieme, unveils products

Network equipment maker Cisco Systems Inc said on Wednesday it will buy out its majority-owned data center technology start-up Insieme for a maximum cost of $863 million as it looks to protect its core business from new competition. Cisco, which already owns 85 percent of Insieme, also unveiled the start-up's first products. They are Cisco's answer to software defined networking (SDN) technology, a growing trend among its rivals in developing software with features that are typically found in high-end network hardware. Because SDN technology can run on cheaper hardware than Cisco's expensive routers and switches, the network hardware leader needed to find a way to protect its equipment sales.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/cisco-buy-start-insieme-unveils-products-153801254--sector.html