M&A Deal Summary

Cisco Systems Acquires WhipTail Technologies

On October 29, 2013, Cisco Systems acquired technology hardware company WhipTail Technologies from Spring Mountain Capital for 415M USD

Acquisition Highlights
  • This is Cisco Systems’ 36th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 35th largest (disclosed) transaction.
  • This is Cisco Systems’ 147th transaction in the United States.
  • This is Cisco Systems’ 4th transaction in New Jersey.

M&A Deal Summary

Date 2013-10-29
Target WhipTail Technologies
Sector Technology Hardware
Buyer(s) Cisco Systems
Sellers(s) Spring Mountain Capital
Deal Type Add-on Acquisition
Deal Value 415M USD

Target

WhipTail Technologies

Whippany, New Jersey, United States
WhipTail Technologies, Inc. is a provider of high performance, scalable solid state memory systems that enable organizations to simplify physical and virtual data center environments and process more data in less time

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 170 of 223
Sector (Technology Hardware) 36 of 40
Type (Add-on Acquisition) 163 of 215
State (New Jersey) 4 of 4
Country (United States) 147 of 189
Year (2013) 9 of 11
Size (of disclosed) 35 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Sourcefire

Columbia, Maryland, United States

Sourcefire, Inc. is a provider of intelligent cybersecurity solutions, is transforming the way global large- to mid-size organizations and government agencies manage and minimize security risks to their dynamic networks, endpoints, mobile devices and virtual environments.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-10 Insieme Networks

San Jose, California, United States

Insieme Networks is focused on the development of application-centric infrastructure products in the data center.

Buy -

Seller(S) 1

DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 5 of 20
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 18
State (New Jersey) 2 of 4
Country (United States) 5 of 20
Year (2013) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 ESW CleanTech

San Diego, California, United States

ESW CleanTech is a manufacturer of diesel emissions-reduction devices (referred to in the industry as “diesel particulate filters”) for on-road and off-road vehicles. ESW CleanTech was founded in 2001 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 Prevalent

Phoenix, Arizona, United States

Prevalent provides software and services to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. Prevalent was founded in 2004 and is based in Phoenix, Arizona.

Buy -