Cisco finds Nemo

In brief Cisco Systems has signed a deal to acquire network memory start-up Nemo Systems for $12.5m in cash. The acquisition is subject to various standard closing conditions, including regulatory approvals, and expected to close by the end of October.

Nemo's technology will be used to turbocharge the performance of Cisco's core switching platforms and service modules. Inclusion of the technology will allow users to scale network systems and line card bandwidth while reducing the overall cost of high-performance networking systems, according to Cisco. Upon close of the transaction, Nemo will become part of Cisco's Data Center, Switching and Security Technology Group (DSSTG). ®