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Cisco Systems Inc. announces its acquisition of software startup Viptela Inc. for $610 million, a significant drop from its previous valuation. Viptela, a software-defined networking company, offers technology that enables businesses with multiple locations to connect dispersed networks using software. Cisco's move aligns with its strategic shift toward software solutions and recurring revenue, addressing the evolving preferences of enterprises that favor software over hardware for their networking needs.
Sunday, 30 April, 2017