VMWare has agreed to acquire portfolio company VeloCloud Networks, in a deal that will give exits to Telstra Ventures and Cisco Investments.
Virtualisation software producer VMWare has agreed to acquire VeloCloud Networks, a US-based networking technology provider backed by networking equipment maker Cisco and telecommunications firm Telstra, for an undisclosed sum.
VeloCloud provides cloud-delivered software-defined wide area network (SD-WAN) technology that enables organisations to build and maintain networks of computers located significant distances from each other.
The company had raised $84m in funding, $27m of which came in a January 2016 series C round co-led by Cisco’s corporate venture capital vehicle,…
