Cisco this morning said it is buying all shares of privately-held Tail-f Systems, a Stockholm, Sweden-based company that specialises in what it calls "multi-vendor network service orchestration solutions" for traditional and virtualised networks.

Cisco is coughing up $175 million for the purchase of Tail-f, in a mixture of cash and retention-based incentives, to 'accelerate its cloud virtualization strategy'.

Upon completion of the acquisition, Tail-f employees will join Cisco's Cloud and Virtualization Group led by Gee Rittenhouse, vice president and general manager.

Here's more info on Tail-f:

(Image credit: Stefano Tinti / Shutterstock)

Comments are closed.