Tech News: Cisco Acquires Software company for $180M

June 21, 2013 - PRLog -- The New New Internet unveiled a number of timely and important news items this week geared toward the government contracting executive.

The GovCon technology website unveiled one story this week with particularly important industry news concerning M&A activity.

Cisco is set to purchase Composite Software in order to expand its next generation services platform.

The deal is worth $180 million and is expected to close by the first quarter of its 2014 fiscal year.

http://www.thenewnewinternet.com/2013/06/21/cisco-to-acquire-composite-software-gary-moore-comments/

Composite Software offers software that connects many types of data from across the network and makes it appear as if it's in one place.

"Cisco's strategy is to create a next generation IT model that provides highly differentiated solutions to help solve our customers' most challenging business problems," said Gary Moore, Cisco president and chief operating officer.

Executive Mosaic is a leader in connecting Capital-area executives through exclusive events and media, with a particular focus on the federal government contracting (GovCon) industry. In addition to weaving a fabric of private like-minded communities, the company’s growing cross-media platform serves as a leading source of news on the people, policies, trends and events shaping the GovCon sector.