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. 

SEE ALSO: Edtech Platform Emeritus Successfully Raises $650 Million in Latest Funding Round

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. 

SEE ALSO: Robinhood Buys Say Technologies, It’s First Acquisition as a Public Company

Feature Image Source: Image by rawpixel.com

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

We will be happy to hear your thoughts

Leave a reply

ToolsMetric
Logo
Compare items
  • Total (0)
Compare
0