Cisco To Acquire Tail-f Systems - Quick Facts

(RTTNews) - Cisco (CSCO) announced its intent to acquire privately held Tail-f Systems, a leader in multi-vendor network service orchestration solutions for traditional and virtualized networks, headquartered in Stockholm, Sweden. Cisco will pay approximately $175 million in cash and retention-based incentives in exchange for all shares of Tail-f. The company expects the acquisition to be complete in the fourth quarter of fiscal 2014.

Cisco said the acquisition of Tail-f accelerates its cloud virtualization strategy of delivering software that increases value to customers' applications and services. With Tail-f's network service orchestration technology, Cisco's service provider cloud and virtualization portfolio will simplify and automate the provisioning and management of both physical and virtual networks.