Cisco buys Netsift
Peter Sayer writes in NetworkWorld:
Cisco Monday said it has agreed to pay $30 million for a year-old start-up, Netsift, which develops deep packet processing technology. Netsift's system can be used for detecting network attacks as they happen.
Netsift, a privately held company in San Diego, was founded last June and employs 15 people.
The deal, worth $30 million in cash and stock options, remains subject to regulatory approval and other closing conditions, but should be complete by the end of July, Cisco said.
Cisco will incorporate Netsift into its Internet Systems Business Unit, it said.
The acquisition will allow Cisco to add new packet processing capabilities into its future software platforms, such as modular switching, Cisco said. Cisco could be planning to use Netsift's technology to stop malicious software from crossing networks built using its hardware.
posted by Fergie @ 6/27/2005 08:51:00 AM
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