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Acquisitions 2008

Acquisitions Summary

  
Nuova Systems, Inc.
April 8, 2008 - Nuova Systems is a start up focused on the development of next-generation products for the data center market. Cisco today introduced the Cisco Nexus 5000 Series, the first product developed by Nuova. The Cisco Nexus 5000 is a 10 Gigabit Ethernet "top-of-rack" switch that offers unified fabric capabilities through the support for multiple data center networking protocols and software intelligence. Prior to the acquisition, Nuova operated as a majority-owned subsidiary of Cisco, which had invested $70 million and owned 80 percent of the company.
Market Opportunity: Data Center