Report: Comcast buys PowerCloud Systems

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Comcast (CMCSA +1%) has gobbled up cloud networking firm PowerCloud Systems, according to TechCrunch.

The deal size is reported to be below the $50M mark.

The acquisition gives Comcast a little more firepower in its efforts to create a connected-home product which would set it apart.