Cisco Buying Composite Software For About $180M

Cisco, a maker of computer networking equipment, said Thursday that it plans to buy software company Composite Software for about $180 million, adding to its services for businesses. Composite, based in San Mateo, Calif., is a privately held company whose software helps businesses quickly gather and comb through data.

San Jose, Calif. (AP) -- Cisco, a maker of computer networking equipment, said Thursday that it plans to buy software company Composite Software for about $180 million, adding to its services for businesses.

Composite, based in San Mateo, Calif., is a privately held company whose software helps businesses quickly gather and comb through data. Cisco sells routers, switches, software and services to corporate customers and government agencies around the world.

The deal is expected to close in the first quarter of fiscal 2014.

Shares of San Jose, Calif.-based Cisco fell 22 cents to $24.47 in morning trading.


More from MBTMag.com

House Votes To Delay Food Safety Rules

Leading 3-D Printer Firms To Merge In $403M Deal

Sony Chief Says Time Needed To Study Proposal

Explore more news here.

More in Industry 4.0