Cisco Systems, Inc. (NASDAQ:CSCO) shares are up over 12% because the company reported that their quarterly results and financial targets are better than what Wall Street was expecting. Today Cisco even hit a multiyear high of $24.24 based on the results. The last time that Cisco’s shares traded above $23 was in November 2010.
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Atlantis Computing is a company that optimizes the way that storage-intensive applications use data center storage when virtualized to reduce the amount of storage consumed. The company can also optimize the use of shared storage, boost performance, and reduce operational risks. Atlantis’ ILIO solution enables the deployment of the Virtual Desktop Infrastructure and virtualized XenApp with no physical storage. Atlantis has raised $20 million in Series D funding led by Adam Street Partners.
Cisco Systems has acquired UK-based small cell technology company Ubiquisys for $310 million in cash and employee retention. Cisco started to seriously explore small cell technology around five years ago when they made a strategic investment in the picocell and femtocell company, ip.access.
Cisco Systems has acquired a cloud management company called SolveDirect. Based in Vienna, Austria, SolveDirect is a company that provides cloud-delivered services management integration software and services.
Networking equipment company Cisco Systems is required to pay XpertUniverse Inc. a $70 million civil fraud damages payment that was in connection with a failed partnership according to a federal jury.
It’s official! Belkin has purchased Linksys from Cisco Systems. Linksys’ devices and services will officially be a subsidiary under Belkin. However Belkin will keep the Linksys brand intact under the Linksys line of products according to Belkin CEO Chet Pipkin. Below is a statement from Pipkin:
Multiven is a Zurich-based IT services company that is blaming Cisco Systems of espionage. Multiven is claiming that Cisco stole thousands of their files. Multiven has sued Cisco Systems multiple times, including in the U.S. courts back in 2008 and in Switzerland last year. Multiven also claimed that Cisco’s bundling of network maintenance service plans is a monopoly abuse.
Belkin announced this week that they will be acquiring Linksys from Cisco’s Home Networking Business Unit. The acquisition will include Linksys’ products, technology, employees, and Linksys brand. Belkin intends to maintain the Linksys brand and will give support for Linksys products. The financial details about the acquisition were undisclosed. Belkin said that they will be honoring all valid warranties for current and future Linksys products. Belkin will account for 30% of U.S. retail home and small business networking following the transaction.