Cisco Adding SolveDirect For Cloud Growth Aims; Hilton Romanski Comments

CiscoLogoCisco will buy cloud computing company SolveDirect for an undisclosed amount in a move aimed at growing its cloud computing products portfolio, Investor’s Business Daily reports.

Hilton Romanski, Cisco’s head of global mergers and acquisitions, said the company is buying SolveDirect for its initiative aimed at helping customers transition to the cloud, Pete Barlas writes.

The acquisition of the Austria-based privately-held company is part of Cisco’s strategy to establish its software business by acquiring small cloud computing companies, according to the report.

SolveDirect helps customers work with service partners to automate processes, data and workflows in real time, Romanski said.

“The move toward multi-sourcing and cloud services is accelerating the development of large ecosystems of companies,” Romanski wrote in a blog post, according to Barlas’ story.

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