"Cisco has notified its employees that it has funded an advanced networking startup, called Insieme, with $100 million, with the right to eventually buy the company for as much as $750 million more.Cisco Announces Its $850 Million Spin-In - NYTimes.com
As reported in Bits last month Insieme was founded by three Cisco employees who have previously two other created Cisco-funded companies, one in data storage and one in high-speed networking. Like Insieme, these companies were designed to be purchased by Cisco, a creation known as a “spin in” company. The spin-ins can create disruptive products quickly, but also risk hurting company morale by making some star employees multimillionaires with little risk, while others are left behind."
Thursday, April 19, 2012
Cisco Announces Its $850 Million Spin-In - NYTimes.com
A major milestone for software-defined networking