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Cisco's New Acquisition Builds IT App Stores in the Cloud

March 29, 2011 at 3:21 pm PT

acquisitions_phag_thumb Now that it has identified the cloud as the next frontier in its network architecture play, Cisco is moving quickly to stake its claim there. To wit, the company’s proposed acquisition today of self-service information technology software outfit newScale.

With about two million users worldwide, newScale has carved out quite a niche for itself selling a cloud portfolio that essentially extends the iTunes App Store metaphor to IT services. (Judges for the VMworld 2010 Award applauded newScale for “[bringing] the iPhone experience to the enterprise.”) And that should dovetail nicely with Cisco’s own network-based cloud computing strategy, which involves enterprise customers building out their own private clouds.

Tagged with: acquisitions, Cisco, cloud, cloud computing, cloud feature, digital, financial, Internet, John Paczkowski, network, newScale

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Great work cisco, keep them coming!!..
http://www.BradReese.Com Brad Reese

Hi John,

Cisco VP Inder Singh named in insider trading scandal:

An opening trial slide (page 5) delivered in court during the trial of Raj Rajaratnam (the largest crackdown on hedge-fund insider trading in U.S. history according to Business Week), names Cisco Vice President – Inder Singh as an alleged conspirator who provided inside information about Cisco’s potential acquisition of EMC.

The opening trial slide states that Raj Rajaratnam is alleged to have conspired to obtain inside information from Cisco Vice President – Inder Singh about Cisco’s potential acquisition of EMC in July and August 2008. Interestingly, according to Singh’s biography, Singh joined Cisco in July 2008 which is confirmed by a July 18, 2008 report that appeared in Light Reading.

At the time of the alleged conspiracy, Singh was reporting to the highly respected Manny Rivelo (who earned CCIE #1305), Rivelo at the time was senior vice president of operations for the Cisco Development Council and was one of its nine members.

Note: Curiously as shown in the trial slide, yet another alleged insider trading conspirator is named Surya Panditi.

Cisco announced on May 20, 2010 that it was acquiring CoreOptics and in that news release, Surya Panditi – Cisco vice president and general manager of Cisco’s Service Provider Access and Transport Technology Group is quoted.

I mean, is it possible that Cisco had 2 of its Vice Presidents leaking inside information about future Cisco acquisitions?

Both Cisco Vice Presidents Inder Singh and Surya Panditi appear on a list of possible witnesses during the Raj Rajaratnam insider trading trial.

Another opening trial slide states that Raj Rajaratnam is alleged to have conspired to obtain material, nonpublic information about Cisco’s acquisition of Starent Networks before it was announced on October 13, 2009. According to a March 21, 2011 Financial Times report:

“Mr. Smith speculated to the government that Mr. Rajaratnam’s source may have been a Cisco employee who used to work as an analyst with Prudential.”

Perhaps revealingly, Cisco Vice President – Inder Singh’s biography states that he was previously employed by Prudential Securities.

Note: Cisco has not responded to a request to confirm whether its 2 Vice Presidents – Inder Singh and Surya Panditi are currently employed by Cisco Systems.

Sincerely,

Brad Reese.