Cisco Systems Scoops Israeli Tech Company Epsagon for $500 Million
Popular American tech firm Cisco has landed a $500 million deal to acquire Epsagon. This acquisition will further strengthen the capabilities of Cisco’s widening observability platform.
Both the companies have not disclosed the financial details of the transaction. However, according to a news platform based in Tel Aviv, Cisco is shelling out around $500 million to acquire Epsagon.
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Cisco’s Observability Platform
Epsagon’s technology will be integrated into Cisco’s full-stack observability solution. As of now, the platform comprises other notable acquired assets from ThousandEyes and AppDynamics. Besides, the stack also includes Cisco’s native Intersight management platform.
When the deal closes, Epsagon’s team will work in tandem with Cisco’s Incubation, Strategy, and Applications group.
Liz Centoni, Cisco’s Chief Strategy Officer said that the Israeli firm’s technology and expertise match Cisco’s vision which allows enterprises to deliver seamless application experiences via industry-leading platforms with enhanced business context.
In recent years, advancements in the IT space have accelerated at a rapid pace. This is why companies are facing a tough challenge while monitoring the security, performance, and optimization of various applications for their end-users.
Conventional domain-focussed monitoring tools cater to only some of the basic requirements. However, Cisco’s cutting-edge observability platform offers teams access to shared context so that every application can be optimized for performance, cost, and security to boost business revenue.
Epsagon’s product portfolio will better Cisco’s current enterprise tech solutions.
Otonomo Technologies Merges with Software Acquisition Group Inc.II
In other news, Otonomo Technologies successfully completed its merger with Software Acquisition Group Inc.II. The company will soon start trading under the OTMO ticker symbol.
The merger was completed at a valuation of $1.26 billion. The funds will be used to fuel the company’s growth and tap into the unexplored markets around the world.
Multiple Israeli companies have also announced exit plans over the past couple of days.
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