Cisco Systems is investing $50 million to buy software firm Dragon Software, a former competitor, to develop software to help the military analyze data from its cloud-based cloud-hosted military databases.
Dragon Software developed software to collect data from data centers and then run it through a database, the company said in a statement to the WSJ.
The company said it has also hired software engineers to help with its cloud services.
Cisco has invested $8 billion in cloud computing businesses, including $2 billion in Dragon, the WSJD said.
“We are excited to be partnering with Cisco on this innovative technology and look forward to contributing to their mission to improve the world,” Dragon co-founder and CEO Richard Pincus said in the statement.
“This acquisition will help our industry and our customers focus on making the most of the cloud while building a business that can leverage its unique strengths and scale to meet future challenges.”
Dragon was founded in 2009 by former Navy and Marine Corps intelligence analysts who have since gone on to found Cisco’s data analytics and business intelligence division.
Cisco is also seeking a third partner for the acquisition, which is expected to close sometime next year, the report said.