Cisco Systems will acquire solid-state memory company Whiptail for $415 million.
Cisco, a networking equipment maker, said Tuesday it plans to integrate Whiptail's solid-state memory technology into its unified computing system (UCS) products.
Under the terms of the deal, Cisco will $415 million in cash and retention-based incentives for Whippany, N.J.-based Whiptail. The deal is expected to close in Cisco's fiscal first quarter, which ends in late October. Cisco's planned acquisition highlights the run on solid-state memory companies. On Monday, Western Digital scooped up Virident for $685 million.
According to Cisco, privately held Whiptail will … Read more