Found this whilst reviewing Cisco results..
Cisco acquires artificial intelligence specialist MindMeld for $125M, furthers software-focused strategy
http://www.fiercetelecom.com/teleco...d-for-125m-furthers-software-focused-strategy
Cisco is continuing its buying spree by acquiring artificial intelligence (AI) vendor MindMeld for $125 million, a move that signals the routing giant’s ongoing move to transform itself into a software-focused company.
San Francisco-based MindMeld has developed a conversational platform based on natural language understanding (NLU).
MindMeld will further Cisco’s move to incorporate AI into its platforms. The vendor has been incorporating AI into its security, orchestration, application performance and collaboration products.
RELATED: Cisco acquires Viptela for $610M, enhances SD-WAN play
Besides MindMeld, Cisco also purchased SD-WAN player Viptela and signed an agreement to purchase Saggezza’s advanced analytics team.
Rob Salvagno, VP of corporate business development for Cisco, said in a blog post MindMeld is in line with its software strategy.
“This acquisition, Cisco’s third in two weeks, represents how the buy pillar of our innovation strategy continues to impact our strategic shift to become more of a software company,” Salvagno said.
Upon completing the acquisition, the MindMeld team will form the Cognitive Collaboration team and report into the IoT and Applications group
This shows the US majors are very interested in our space.
We need to get on their front page
Read more on
artificial intelligence, software defined networking, NFV, management software, SD-WAN, acquisition, Cisco Systems, viptela
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Found this whilst reviewing Cisco results.. Cisco acquires...
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