Cisco acquires Austrian SolveDirect
With the cloud becoming an ever more preferred means for businesses to share data and communicate in real time, it may be no surprise that larger corporations increasingly turn to the expertise and innovative offers of tech enterprises specialised in the field. At least such seems to be the case of the U.S. giant Cisco and their intent to acquire Austrian SolveDirect Service Management GmbH, according to Cisco’s blog. The Vienna-based venture founded in 2001offers cloud-based solutions for IT service management integration, thus connecting companies to their IT service providers, among others.
The U.S. corporation stated that among its reasons to acquire SolveDirect is that it provides “enterprises and service providers a flexible way to… automate sharing of processes, data, and workflows in real-time.” Cloud services are also adopted to improve and accelerate the development of corporate ecosystems.
The SolveDirect team is expected to join the one of Cisco Services, and the acquisition deal will be completed over the course of Cisco’s fiscal year.
The Austrian company has previously received equity investment from 3TS Cisco Growth Fund.