FACTBOX-Big tech companies buy into software networking
July 2 (Reuters) - Software-defined networking, or SDN, is expected to allow companies to build networks that need less human intervention and are easier to modify and update.
Private-equity firms have backed start-ups such as Embrane and Plexxi, while Intel Corp and Goldman Sachs have invested in Big Switch Networks, all in pursuit of a technology that market research firm IDC says could generate annual revenues of $3.7 billion within three years.
Cloud software maker VMware Inc snapped up Nicira Inc for $1.05 billion last year. Cisco Systems Inc, Oracle Corp and Juniper Networks Inc have also bought SDN companies within the last year.
Following are some recent M&A deals involving SDN companies:
February - Oracle Corp said it will buy Acme Packet Inc for $1.7 billion net of cash.
F5 Networks Inc said it will buy LineRate Systems. No terms were disclosed.
December - Juniper Networks Inc agreed to buy Contrail Networks Inc in a cash and stock transaction worth about $176 million.
November - Cisco Systems Inc said it will buy network traffic-management software maker Cariden Technologies Inc for about $141 million in cash.
Brocade Communications Systems Inc said it will buy Vyatta in cash. No terms were disclosed.
October - Cisco said it acquired vCider with the intention of integrating the company into its cloud computing unit. No terms were disclosed.
July - VMware Inc said it will buy network virtualization firm Nicira Inc for $1.05 billion.
Oracle said it will buy Xsigo Systems, which counts eBay Inc and Verizon Communication Inc among its customers. No terms were disclosed.
(Compiled by Sayantani Ghosh in Bangalore)