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 | |||
| 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.
