TMCnet News
US Cisco, EMC set up JV(M&A Navigator Via Acquire Media NewsEdge) US networking equipment supplier Cisco Systems Inc (NASDAQ:CSCO) said on Tuesday it had established a joint venture with data storage provider EMC Corporation (NYSE:EMC) and virtual infrastructure software maker <strong></strong>VMware (NYSE:VMW), part of EMC. The new company, to be called Acadia, will offer a bundle of computer hardware and services. The move aims to boost Cisco's share on the market for computing products, consulting and maintenance. Acadia will provide a package of EMC storage gear, VMware management applications and Cisco networking and computing products. Initially, the new entity will have 140 emplotees, but most of the sales of the new packages are expected to be made by outside firms. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |