Sunday, June 26, 2005

Cisco Acquires NetSift for Deep Packet Processing

Cisco Systems agreed to acquire NetSift, a start-up based in San Diego, for approximately $30 million in cash and options. NetSift develops content processing technology focused on high speed networking and security. NetSift was founded in June 2004 to commercialize research conducted at the University of California, San Diego. The company has 15 employees.


Cisco said the NetSift acquisition will help it to accelerate the integration of additional packet processing capabilities into future core Cisco platforms, such as modular switching. NetSift will become part of Cisco's Internet Systems Business Unit (ISBU) led by vice president and general manager Tom Edsall.












































Cisco Systems' 2005
Acquisitions

NetSift  deep
packet processing
$30
million
June
05
M.
I. Secure Corporation
security
and VPN solutions
$13
million
June
05
FineGround
Networks
Bandwidth
optimization appliances
$70
million
May
05
Sipura VoIP
customer premise equipment
$68
million
Apr
05
Topspin
Communications
server
networking equipment designed for grid and utility computing
$250
million
Apr
05
Airespace WLAN
controllers, Access Points, WLAN Management and Location Software, and
Security capabilities
$450
million
Jan
05

http://www.cisco.com
http://www.netsift.com

  • NetSift's management team includes George Varghese (Co-founder, President and CTO), Sumeet Singh (Co-founder and Chief Scientist), Steve Hunt (VP Engineering), Sanjay Mehta (VP Marketing and Business Development) and Tom Clancy (Chairman of the Board).


  • The company raised Series A financing in June 2004 from Enterprise Partners Venture Capital.

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