{"id":6654,"date":"2013-03-25T17:08:00","date_gmt":"2013-03-25T17:08:00","guid":{"rendered":"http:\/\/cloudcomputing.sys-con.com\/node\/2591870"},"modified":"2013-03-25T17:08:00","modified_gmt":"2013-03-25T17:08:00","slug":"cisco-to-buy-austrian-cloud-company","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cisco-to-buy-austrian-cloud-company\/","title":{"rendered":"Cisco to Buy Austrian Cloud Company"},"content":{"rendered":"<p>Cisco blogged Monday that it intents to acquire the privately held Viennese cloud company SolveDirect for its cloud integration software. It said nothing about price.<br \/>\nIn 2009 Cisco promised to underwrite the operation, then a subsidiary of Brain Force Holding AG, to the tune of \u20ac6 million over the years and fund its expansion into the US with the objective of tripling its revenues.<br \/>\nAs part of the deal Brain Force spun it off but was still an investor, now probably holding less than 50%. It depends on how much Cisco\u2019s investment in the firm diluted its position.<br \/>\nIn 2008, SolveDirect generated revenues of \u20ac5.7 million and an EBITDA of over \u20ac1 million, employing 41 people. Cisco is reportedly a SolveDirect customer. The Austrian company is also a partner of BMC, which is currently in the throes of getting auctioned off and taken private. <\/p>\n<p><a href=\"http:\/\/cloudcomputing.sys-con.com\/node\/2591870\" >read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco blogged Monday that it intents to acquire the privately held Viennese cloud company SolveDirect for its cloud integration software. It said nothing about price.<br \/>\nIn 2009 Cisco promised to underwrite the operation, then a subsidiary of Brain Force&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6654","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/6654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=6654"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/6654\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=6654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=6654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=6654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}