SEG Sector Deals: Cisco Acquires Observable Networks

Cisco, leading provider of IT infrastructure software and hardware, announced the intent to acquire Observable Networks, a provider of network security technology and threat detection services. The acquisition extends Cisco’s initiatives in cloud-based security services by providing Cisco with dynamic behavioral modeling of devices on the network. 

Cisco’s interest in cyber security has been relevant over the past two years- including the acquisitions of CloudLock ($293M) and Lancope ($452M), and investment in HyTrust.

Seller Business Descriptions:

Observable Networks provides network security technology and threat detection services. HQ: St.Louis, Missouri

Buyer Business Description:

Cisco is a leading provider of IT infrastructure software and hardware. HQ:  San Jose, CA. Read Press Release