Cisco Announced The Intent To Acquire Isovalent To Bolster Its Secure Networking Capabilities Across Public Cloud; Expects Acquisition Close In Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems, Inc. has announced plans to acquire Isovalent, Inc., a company specializing in open source cloud native networking and security. The acquisition is aimed at enhancing Cisco's secure networking capabilities across public clouds. Cisco is dedicated to supporting the eBPF, Cilium, Tetragon, and cloud native open source communities. The acquisition is expected to close in the third quarter of 2024.
December 21, 2023 | 2:02 pm
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Cisco's acquisition of Isovalent is expected to strengthen its position in secure cloud networking, potentially leading to increased competitiveness and market share in the cloud security sector.
The acquisition of Isovalent by Cisco is likely to be viewed positively by investors as it enhances Cisco's capabilities in a growing sector of cloud security. The commitment to open source communities may also foster innovation and goodwill. However, the impact is somewhat tempered by the future close date in Q3 2024, which adds a level of uncertainty.
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