Report: Cisco in approach to buy cloud-management firm Turbonomic

Aug. 24, 2017 10:59 AM ETCisco Systems, Inc. (CSCO)CSCOBy: Jason Aycock, SA News Editor5 Comments
  • Cisco Systems (CSCO +1.1%) recently engaged in talks about acquiring cloud-management firm Turbonomic, The Information reports.
  • Terms of the discussion weren't known but Turbonomic has held five funding rounds and raised $117.5M; it was valued around $800M after its last round in January.
  • Since then, though, Cisco stepped in with a complementary acquisition of AppDynamics for $3.7B at the last minute before the latter's IPO.
  • An acquisition of Turbonomic would help give Cisco an edge in automation technology over competitors like Hewlett-Packard Enterprise.

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