Cisco to Buy Switching Co. Topspin for $250 Million

Cisco Systems Inc., the largest maker of gear for directing traffic over the Internet, on Thursday said it would acquire privately held Topspin Communications, a maker of server networking equipment, for $250 million in cash and options.

Topspin, based in Mountain View, California, is the leading provider of server fabric switches. Cisco said in a statement that the acquisition will strengthen its ability to provide customers with specialized networking technology and services so they can build data centers in a flexible, grid-like fashion.

News source: Reuters

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