Cisco has sold its Data Virtualisation unit to Tibco, stating that the unit does to align with its plans for the future.
Cisco has sold its Data Virtualisation unit to TIBCO, with deal completion set to be achieved in the weeks ahead.
TIBCO, a provider of infrastructure software, aims to revolutionise the speed at which customers will be able to access and analyse data, harnessing the query optimisation and self-service access made available by the system.
While the price has not been detailed yet, Cisco bought the unit four years ago from Composite Software, paying $180 million.
Mark Palmer, senior vice president of analytics, TIBCO, said: “Data Virtualization helps our customers find and analyze the data they need in hours or days, rather than months, so that they can quickly discover insights and take insight-driven action.”
TIBCO will be bolstering its capabilities by adding the Cisco Data Virtualisation unit to the TIBCO Connected Intelligence platform.
“The next generation of business intelligence depends on doing more with analytics than just putting data on a graph. Data Virtualization is a key component of getting the right data at the right time to business analysts, data scientists, and automated applications using streaming analytics,” said Palmer.
IoT has also been a focus area for the analytics, enhancing its capabilities in this area further with the recent acquisition of Statistica – which was formerly a part of Dell.
Thomas Wyatt, GM, Cisco, detailed the companies motivations behind the move, he said: “As we accelerate our innovation in these areas, we determined that our Data Virtualization (DV) business is not aligned with our long-term focus. TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has entered into an agreement to acquire our DV business (formerly Composite Software).”
“Cisco customers anticipate adding billions of new connections in the years ahead, and they are looking for intelligent networks that deliver automation, security and analytics to help them derive meaningful business value from these connections,” said Wyatt.