Cisco to acquire Nemo

By Derek Sooman on October 3, 2005, 1:15 PM
Cisco announced just before the weekend that they are to acquire Nemo Systems in a $12.5 million cash deal. The intention of the deal is to enhance the company’s capacity to offer scalable network systems via Nemo's network memory chips. The acquisition of Nemo, which is a fabless semiconductor company that develops memory chips for network systems, should allow Cisco's customers to enlarge their network systems.

Cisco plans to integrate Los Altos, Calif.-based Nemo into its Data Center, Switching and Security Technology Group. The deal is expected to close by the end of next month.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.