Cisco announced on Tuesday that it plans to acquire newScale, in a deal that would ramp up its cloud computing services.
NewScale, provides self-service, service catalog, and lifecycle management software for enterprise IT and private/hybrid cloud computing.  The company, founded in 1999,  is privately held and based in San Mateo, CA,  and has more than 2 million users worldwide; including 20 percent of the Fortune 50 companies, according to its website. Some of newScale’s customers are AT&T Inc, American Express Co and Siemens AG.

Cisco’s announcement of the acquisition:

“Cloud computing represents a major shift in the evolution of the Internet, and as more customers migrate from traditional IT infrastructures, the need for rapid self-provisioning and efficient management becomes increasingly critical,” said Parvesh Sethi, senior vice president of Cisco Services. “With the acquisition of newScale, Cisco will be able to accelerate the deployment of cloud services through a service catalog and self-service portal that allows customers to easily manage their IT infrastructures.”

Reference: Cisco