Business & Tech

Tech Round-Up: Cisco Acquires Two Companies, KLA-Tencor Sponsors SJ Turkey Trot

A look at how Milpitas technology companies have made the news in the past week.

Milpitas-based KLA-Tencor will sponsor the Silicon Valley Annual Turkey Trot’s 5K Walk/Run in downtown San Jose on Nov. 22. Employees, friends and families will participate to raise funds for the Second Harvest Food Bank, the Housing Trust of Santa Clara County and the Children’s Health Initiative of Santa Clara County.

Last week, KLA-Tencor also also announced their competition to donate thousands of meals for the Second Harvest Food Bank‘s Canned Food Drive. It started in late October and ended Monday.* The company’s goal was to raise $50,000, in addition to canned donations from employees.

In its second acquisition in only a few days, Cisco announced this weekend that it will buy cloud infrastructure company Meraki for $1.2 billion. Founded in 2006 by MIT candidates and backed by Sequoia Capital and Google, the company offers wireless infrastructure products. On Friday, Cisco also announced it would acquire Cloupia, a data center management company, for $125 million.

Menlo Park-based Elo Touch Solutions announced that the company and its 150 employees will move to Milpitas in March 2013. The touch screen focused-company has leased 75,000 square feet of office/R&D space in Milpitas’ Murphy Crossing campus at 1011 McCarthy Boulevard. They cited greater proximity to East and South Bay talent, and 20 percent more square footage, as the reasons for making the move.

Elo Touch Solutions is not the only tech company migrating to Milpitas. FrontRange Solutions, a provider of hybrid IT service management solutions, also announced last week that it will soon occupy about 27,000 square feet of space at Irvine Company’s McCarthy Center at 490 N. McCarthy Blvd. They are also looking to tap into a greater talent pool to expand its mobile and cloud technology.

*Article updated Nov. 19 at 9 p.m. 

Don't miss a thing in Milpitas!

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here