Information technology company Cisco Systems Inc. (Nasdaq: CSCO) is buying Whiptail for $415 million.
Whippany, N.J.-based Whiptail provides memory systems that aim to help organization simplify data centers and virtualized environments to process more data in less time.
The acquisitions should help Cisco develop its data storage services. Whiptail will be added to Cisco’s computing systems product group.
Cisco has made several acquisitions in 2013. In July, the San Jose, Calif.-based company agreed to buy Sourcefire Inc. for about $2.7 billion. In June, the group proposed a $180 million deal for virtualization software group Composite Software. And in May, the company proposed a $107 million deal for JouleX.