TIBCO agrees to acquire Cisco’s data virtualization business – 451

The details of the acquisition were not disclosed, but we would be surprised if Cisco made back any of the $180m it paid for Composite Software in 2013. Cisco did at least manage to grow the data virtualization business during its ownership. The company told us in September 2016 that it had 250 paying customers for what was then Cisco Data Virtualization (up from 200 at the time of its acquisition of Composite Software). The deal is expected to close in the coming weeks.

Source: TIBCO agrees to acquire Cisco’s data virtualization business