Cisco Invests In Piston Cloud, OpenStack; Hedges Parallels Bet?

Posted by thevarguy2 on Feb 6, 2013 10:59 AM EDT
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Cisco Systems (NASDAQ: CSCO) has invested in Piston Cloud Computing, which develops an OpenStack distribution for private enterprise clouds. The investment comes only a few weeks after Cisco pumped money into Parallels, which develops cloud automation software. Is Cisco hedging its cloud bets? Sort of.

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