News@Cisco: Corporate NewsNews@Cisco: Corporate News (the 20 most recent stories)Cisco Completes Acquisition of Nuova Systems- May 22, 2008 SAN JOSE, Calif., May 22, 2008 - Cisco&174; today announced it has completed the purchase of San Jose-based Nuova Systems, a startup focused on the development of next-generation products for the data center market. In August 2006, Cisco announced its initial investment in Nuova. Prior to the acquisition, Nuova operated as a majority-owned subsidiary of Cisco, which had invested $70 million and owned 80 percent of the company. In conjunction with the investment, the companies ...http://newsroom.cisco.com/dlls/2008/corp_052208.html?CMP=AF17154&vs_f=News@Cisco:+Corp... |