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Nuova Systems

Cisco To Acquire Remaining Interest In Nuova Systems

April 9, 2008 by Robin Wauters Leave a Comment

And why were Dante Malagrino of Cisco and Ed Bugnion of Nuova Systems jointly featured in the video presentation of Cisco Nexus 5000 we shared earlier today?

Start-up Nuova Systems operated as a majority-owned subsidiary of Cisco, which had invested $70 million and owned 80 % of the company. Cisco announced its initial investment in Nuova in August 2006 and announced an amendment to the agreement in April 2007 that expanded the development scope, increased the funding commitment and raised the maximum potential payout of the transaction to $678 million. And now Cisco has formally expressed its intent to acquire remaining interest in the company.

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Nuova Systems

From the press release:

“Cisco today announced its intent to purchase the remaining 20 % interest in San Jose-based Nuova Systems, a start up focused on the development of next-generation products for the data center market. Cisco today also 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.”

The Nuova transaction is success-based with the total value primarily determined by the revenue of Nuova products over three measurement periods. The first measurement period will commence in early fiscal year 2010, the second measurement period will commence in late fiscal year 2010, and the third measurement period will commence in mid fiscal year 2011. The acquisition is expected to close in Q4 of Cisco’s FY 2008. It will be acquisition No. 126 for Cisco overall and the fifth one in FY ’08.

Filed Under: Acquisitions Tagged With: Cisco, Cisco Nexus, Cisco Nexus 5000, Cisco Nexus 7000, Cisco Systems, Dante Malagrino, data center, Ed Bugnion, hardware virtualization, Nuova, Nuova Systems, virtualisation, virtualization

Video: Cisco Nexus 5000 And Virtualization

April 9, 2008 by Robin Wauters 1 Comment

DataCenterKnowledge posted a video presentation today we would love to share with you too. It features Dante Malagrino of Cisco and Ed Bugnion of Nuova Systems with an explanation of how data center managers can use the new Cisco Nexus 5000 Series switches to optimize their virtualization efforts (Cisco recently introduced the 7000 Series). Prior to joining Cisco, Bugnion was a co-founder and chief architect of VMware.

Filed Under: Interviews, People Tagged With: Cisco, Cisco Nexus, Cisco Nexus 5000, Cisco Nexus 7000, Cisco Systems, Dante Malagrino, data center, Ed Bugnion, hardware virtualization, network virtualization, Nuova, Nuova Systems, server virtualization, switch, virtualisation, virtualization

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