Cisco, the American tech company that is renowned for selling networking equipment, has announced that it is going to acquire cloud security startup Epsagon for a price of $500 million. Thus, with the latest business purchase, Cisco is all set to step-up its Cloud based security business with a portfolio related to applications monitoring.
Israeli-based startup Epsagon has a technology that helps in tracking down the functionalities and whereabouts of modern day applications running on Containers and Kubernetes. It helps in monitoring the application workloads, offering insights to users on app tracing and metrics that are usually not that easy to track in containers.
Cisco is said to gain a full stack application monitoring portfolio by gaining the business of Epsagon that will help customers in an exceptional digital experiences. Thus, by integrating the service into the security portfolio, the networking giant can have a visibility of applications that aren’t working in the vacuum, thus acting as an early warning system that helps in avoiding digital troubles proactively.
Israel-based Epsagon was found in 2018 with a funding of $30 million and when it was on the verge of gaining a $200m Series B funding, Cisco locked the deal by offering $500m, that could help investors gain good return before it gets completed by this year end.
Note- During same time last year, i.e. in August 2020, Cisco Systems acquired network intelligence firm ThousandEyes. And on December 2020, Cisco announced the acquisition of UK based IMImobile startup for $730million.
