Cisco has Completed the Acquisition of Parstream
Enhancing Cisco's Data & Analytics portfolio for IOT.
On November 3, Cisco completed the acquisition of ParStream, a privately-held company based in Cologne, Germany. The company provides an analytics database, enabling customers to analyze large amounts of data and store it in near real time anywhere in the network.
As the Internet of Things becomes a reality, it's estimated that 50 billion devices and objects will be connected to the Internet by 2020. With this massive number of new connections, valuable data will be created at an even faster pace than most companies can manage.
ParStream's highly specialized database is built for IoT environments, to handle massive volumes of data no matter where the data is in the network, including at the edge. Its distinctly small footprint uses innovative compression and indexing capabilities to help customers' access data faster and at scale, analyzing and filtering billions of records instantly and getting information in near real-time. Speed is critical for helping companies to generate value from data in IoT environments.
The ParStream acquisition complements Cisco's data and analytics portfolio, enhancing Cisco's ability to provide deep analytics at the networks edge, where data is increasingly being generated in huge volumes.
- Q: What is Cisco acquiring?
- A: Cisco is announcing its intent to acquire ParStream, a privately-held company headquartered in Cologne, Germany that provides an analytics database. Their technology enables companies to analyze large amounts of data and store it in near real time anywhere in the network, including at the edge, with minimal infrastructure and operating costs.
- Q: Why is Cisco acquiring a company like Parstream now?
- A: As the market leader in wired and wireless networks, Cisco is already helping customers manage data as it travels across their network. Now, customers are looking for a way to manage an exponentially increasing amount of data, as the Internet of Things continues to expand with thousands of network-connected devices and sensors being added to the network, each generating useful bits of data. With today's announcement, Cisco is able to provide customers with a complementary product — an analytics database to help customers store their data anywhere in the network, and then provide useful insights through data and analytics software that helps customers get the most out of that data.
- Q: What market problem does this acquisition address?
- A: To fully use and prepare for the future of the Internet of Things and similar distributed data systems, businesses need a way to capture and store data in the place where it is actively collected — at the edge of their networks.
If you are an existing customer or partner of ParStream and have questions about your product or service, please continue to contact your existing ParStream sales representative.
If you are an existing customer or partner of Cisco and have questions about your product or services, please continue to contact your existing Cisco sales representative.
ParStream customers should continue to use the existing process for support on installed ParStream technology. Cisco will notify you in advance of any change to the support process.Cisco customers should continue to use the Cisco Technical Assistance Center (TAC) for technical support on Cisco products. For more information about opening a technical support case and for regional TAC telephone numbers, refer to Cisco Worldwide Support Contacts.
Strengthening Cisco's Data & Analytics portfolio
By acquiring ParStream, Cisco is demonstrating its commitment to building a world-class data and analytics portfolio. Customers benefit by better capturing and analyzing data at the edge for real time business insights and more meaningful decisions.