Cisco Systems is buying start-up Topspin Communications for $250 million.

The acquisition gives the networking giant access to Topspin’s switches, which are used to help companies assemble their servers into computing clusters and link them to networks and storage systems. These "server fabric switches" are designed to provide data centers with high-performance networking service in areas such as grid computing, clustered applications and server virtualization.

Read the complete story . (ZDNet)