History 2004: Cisco Buys Actona

Cisco Systems put down $82 million in cash to acquire Actona Technologies , based in Los Gatos, CA with R&D operations in Haifa, Israel.

Formerly VerEdge Technologies, the start-up, founded in 2000, with $23 million in financing to its credit so far, has written software that enables file caching via an appliance for storage centralization, application acceleration and real-time information access over the WAN.

Cisco, which already held a 17% equity stake in the company, may integrate the applications on its blade switches to handle storage files.

Actona’s 48-person team will report to George Kurian, VP and GM of Cisco’s routing technology group.

This article is an abstract of news published on issue 198 on July 2004 from the former paper version of Computer Data Storage Newsletter.