Cisco Acquires Google, Microsoft-backed Isovalent Inc, An Open Source Cloud Networking Software Startup
Summary
Cisco has recently announced that it is acquiring Isovalent, a Google and Microsoft-backed technology startup founded by the creators of Cilium and eBPF. Isovalent builds open-source software and enterprise solutions solving networking, security, and observability needs for modern cloud native infrastructure.Reports suggest that Cisco is paying around $650 million in cash for the startup, or 32 times its annual recurring revenue.Isovalents flagship technology Cilium is the choice of leading global organizations including Adobe, AWS, Capital One, Datadog, GitLab, Google, and many more. Isovalent is headquartered in Mountain View, CA and is backed by Andreessen Horowitz (a16z), Google, Mirae Assets and Cisco Investments, among others.Isovalent has led the creation of the eBPF Foundation (along with founding members Meta, Netflix, Google, and Microsoft).Post acquisition, Cisco will continue offering and building on Isovalent’s slate of innovations for customers, including Isovalent Enterprise. The Isovalent team will join the Cisco Security Business Group once the acquisition closes, which is expected in the third quarter of fiscal year 2024.The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud delivered, integrated security platform for organizations of any shape and size. The Cisco Security Cloud enables customers to abstract security controls from multicloud infrastructure to provide advanced protection against emerging threats across any cloud, application or workload.,” said.”,” said.”
