The investment, together with Onix Data Centres management team, will ramp up the size of the facility into the largest in the country.
“We’re starting to see the recovery in demand in IT spend. We see signs of stabilization in the core business.”
Quarterly revenue report topped analysts' estimates bolstered primarily by continued strong demand for personal computers.
Reporting earnings, its CFO said most of the growth this quarter will come from gaming, creating concern that that spells slower growth for the data center division.
The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks.
The company says the SolarWinds breach has served as a sales catalyst for security platforms.
Gary Wojtaszek and Kevin Timmons are said to be involved in one of three SPACs being put together by InterPrivate.
Revenue from Cisco’s Enterprise segment fell 9 percent in fiscal Q2.