Cisco announced its intent to acquire ParStream on October 26, 2015. The ParStream team will be integrated into Cisco’s Analytics and Automation portfolio, joining the Data and Analytics Group. The acquisition is expected to close in the second quarter of fiscal year 2016.
ParStream, a privately-held company based in Cologne, Germany and Cupertino, California, provides an analytics database that allows companies to analyze large amounts of data and store it in near real time anywhere in the network. ParStream’s highly specialized database is built for IoT environments.
It allows customers to compute and analyze large amounts of data at the edge in real time, with minimal infrastructure and operating costs at the edge. Using innovative compression and indexing capabilities, ParStream’s technology helps customers access data faster and at scale, rapidly analyzing and filtering billions of records and getting information to the business in near real-time.
Peter M Jansen, CEO of ParStream, said: “We see a bright future ahead and look forward to working with Cisco to continue to deliver industry-leading IoT analytics solutions”.
Alec Dafferner, Partner of GP Bullhound commented: “We are proud to have worked with the leader in IoT Analytics, and believe Cisco is an excellent strategic partner for them”.
This represents GP Bullhound’s 22nd transaction in 2015.
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About GP Bullhound
As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with great access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Avito, Delivery Hero, Fjord, King.com, Pingdom, Pozitron and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin and Manchester.