Thursday, May 4, 2017

Cisco acquired Viptela for $610 million

Cisco has acquired networking start-up Viptela for $610 million. The deal will be held in cash.

Viptela CEO Praveen Akkiraju, a University of Madras and Harvard Business School alumnus, said the company's fabric, as it relates to SD-WAN and cloud networking, fits in as an important piece of Cisco's Enterprise Networking strategy which is driving an industry-wide transition to a software-centric architecture and business model.

Also read: MobiKwik raised Rs 6 crore funding from BCCL and Cisco

Viptela was founded by 2012 by former Cisco engineers few of them are from Indian origins.

Cisco said managing the network is becoming more complex as applications move to the cloud, employees become more mobile and billions of Internet of Things (IoT) devices are added to the network. Customers are turning to SD-WAN solutions to help manage and orchestrate their WAN deployments, to cost effectively improve access to both the cloud and their corporate network. Viptela provides a compelling SD-WAN solution that simplifies management, increases agility and reduces costs of interconnecting dispersed enterprise networks.


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