Cisco Systems Logo (Photo credit: Wikipedia)
Cisco Systems officials reportedly are talking about the company’s latest investment, the $100 million it is spending to create a startup called Insieme that will develop products for software-defined networking (SDN) environments.
Insieme is being started by three Cisco engineers, and Cisco holds the option to eventually buy the “spin-in” company for $750 million, giving it an instantly expanded portfolio in the increasingly popular SDN market.
The New York Times first reported on the plan in March, and now Cisco executives reportedly have sent a memo to company employees laying out the plan, and stressing the need for cooperation and collaboration from all of them to make the effort work.
In the memo, according to The Times, Cisco officials talk about how Insieme’s work will add value to Cisco as a whole.
“Insieme’s product development efforts are complementary to that of Cisco’s current and planned internal investments,” the memo reads. “Insieme and other internal programs will be components of Cisco’s broader programmability framework. These types of investments have strongly benefitted Cisco in the past, and we will continue to look for similar ways to complement our internal development capabilities.”
Related articles
