Mar 16,2007 00:00
Cisco Systems this week announced a definitive agreement to acquire privately-held NeoPath Networks, the leading provider of high performance and highly scalable file storage management solutions.
NeoPath's patented SMART virtualization technology and its File Director family of products simplify the management of network attached storage (NAS) and other file servers.
The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the third quarter of Cisco's fiscal year 2007, ending April 28, 2007. The terms of the deal were not disclosed.
NeoPath was founded in 2002 and has 55 employees based primarily in Santa Clara, Calif.Upon close of the transaction, the NeoPath team and products will be integrated into DSSTG reporting to Ullal.