Cisco to buy Composite Software for about $180M

Published June 20, 2013 2:00pm ET



San Jose, Calif. (AP) — Cisco, a maker of computer networking equipment, said Thursday that it plans to buy software company Composite Software for about $180 million, adding to its services for businesses.

Composite, based in San Mateo, Calif., is a privately held company whose software helps businesses quickly gather and comb through data. Cisco sells routers, switches, software and services to corporate customers and government agencies around the world.

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