Cisco has announced today its intent to acquire Viptela for $610 million in cash and assumed equity awards. Viotela is a privately held software-defined wide area network (SD-WAN) company based in San Jose.
Customers are turning to SD-WAN solutions to help manage and orchestrate their WAN deployments, to cost effectively improve access to both the cloud and their corporate network.
“Viptela’s technology is cloud-first, with a focus on simplicity and ease of deployment while simultaneously providing a rich set of capabilities and scale. These principles are what today’s customers demand,” said Scott Harrell, senior vice president of product management for the Cisco Enterprise Networking Group. “With Viptela and Cisco, we will be able to deliver a comprehensive portfolio of comprehensive on-premises, hybrid, and cloud-based SD-WAN solutions.”
The Viptela team will join the Enterprise Routing team within the Networking and Security Business led by senior vice president David Goeckeler. After the acquisition closes, Viptela and Cisco engineering teams will be working closely together to enhance Cisco’s SD-WAN offering and ensure continued support for our customers.
The acquisition is expected to close in the second half of calendar 2017, after having completed all of the customary closing conditions and regulatory review.