Cisco is a networking monolith, with a huge portfolio of routers, switches and servers. It is, unsurprisingly, a major player in the cloud computing industry, and pushes its own term, ‘fog computing,’ to describe the emerging trend of moving processing power from the cloud closer to the network edge. To further its support for the new fog of devices, Cisco has acquired ParStream, a German startup that specializes in software that handles big data processing at the network edge. No price has been given, but ParStream has previously secured $14m in venture funding since its 2011 launch. ParStream emerged from Cisco’s Entrepreneurs in Residence program, which aimed to develop startups, and it looks like Cisco has been keeping tabs on…