Cisco has confirmed that it is planning to acquire privately-held Californian firm Truviso, a provider of network data analysis and reporting software, for an undisclosed amount.
Truviso’s continuous query technology, with its analyse-first, store-later capability, is expected to enable Cisco to provide instant access and visibility into network use and services, help increase operational efficiencies and drive new revenue streams for customers.
The acquisition of Truviso is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco’s fiscal year 2012. The Truviso team will be integrated into the Cisco Network Management Technology Group.
Cisco recently posted record revenues and profits for the quarterly period which ended January 28th, 2012, which CEO John Chambers attributed to a three-year plan to drive earnings faster than revenue, as well as the earlier-than-planned achievement of a billion dollar cut in expenses, and continued innovation.
With Amazon and Google launching smart home initiatives, have the telcos missed out on their chance to cash in on this market?
Total Voters: 62