uploads///Cisco security segment growth

Cisco Acquired Several Companies in the Last Quarter



Company acquisitions

Cisco (CSCO) acquired a number of companies in the last quarter, including Tropo, Piston Cloud, OpenDNS, and MaintenanceNet. Tropo is a cloud collaboration platform for enterprises. Piston Cloud manages and deploys private clouds on open source technology. Cisco’s Cloud Services architecture is also built on OpenStack open source software.

Cisco announced that its acquisition of Piston Cloud Computing is in sync with its strategy to build its InterCloud offering. Intercloud is a software package designed to help businesses shift their IT workloads among other public cloud services or within their own private clouds according to their needs. These public clouds include popular cloud services such as Amazon (AMZN) Web Services, Google (GOOG), and Microsoft (MSFT) Azure. Cisco’s earlier acquisition of Metacloud has also boosted its global InterCloud platform and architecture.

Article continues below advertisement

Cisco acquires OpenDNS for $635 million

In the last quarter, Cisco also acquired OpenDNS for $635 million. OpenDNS is a cloud security player, which should benefit Cisco in the network security business. Cisco’s security business has been experiencing good growth, although this growth slowed down a little in fiscal 4Q15.

On July 7, 2015, Cisco acquired MaintenanceNet, a cloud-based company that makes software for companies to track their customers’ contracts and service agreements. If you’re bullish about Cisco, you could invest in the PowerShares QQQ Trust, Series 1 ETF (QQQ). QQQ invests about 2.7% of its holdings in Cisco.


More From Market Realist