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Deals That Could Speed Up Cisco's Software Makeover

Networking giant Cisco Systems Inc. (CSCO) has laid out some targets in its transition to more of a software company. CFO Kelly Kramer told analysts at a meeting Thursday, June 29, the company wants to boost software from 22% of sales this year to 30% by 2020.

If Cisco's prior playbook is an example, the San Jose, Calif.-based company will use M&A to meet its goals. Analysts suggested that companies such as networking software developer Apstra Inc., IT systems data...