Not content with just connecting businesses, Cisco Systems (NASDAQ: CSCO) apparently also wants in on the data analysis and reporting market, judging from its acquisition of analytics software specialist Truviso.

Financial terms of the transaction were undisclosed, but Cisco said in a statement the deal is expected to be complete in the fourth quarter of Cisco’s fiscal year 2012.

Cisco plans to pair Truviso’s technology with its network management platform, Cisco Prime, to give businesses insight into the use of their networks, as well as providing services such as Big Data analytics.

Truviso’s flagship product, Continuous Analytics, is built on scalable software that processes and queries data before it is stored, providing immediately updated analytics and alerts as soon as data becomes available. The technology, which originated at the University of California at Berkeley’s Computer Science department, leverages the standard SQL language for queries.

Jamie Lerner, vice president and general manager of Cisco’s Network Management Technology Group, said customers want to be able to tap into and better analyze the enormous volume of data traversing their networks to identify ways to enhance services and generate new revenue opportunities.

With the sheer volume of data flooding businesses these days, the data management and analytics market is definitely heating up. A company such as Cisco, which builds the networks so many of us use, is in a prime position to help figure out the best way all that data can be collected and analyzed. Which means its partners benefit as much as its customers.