Cisco to Acquire Indian Origin CEO Led Startup For $610 Million
American technology giant Cisco has said it will pay USD 610 million in cash to acquire a networking start-up led by an Indian-origin software industry veteran.
Cisco will buy Viptela, a privately held software-defined wide area network (SD-WAN) company based in San Jose, a move that will expand its portfolio.
Viptela CEO Praveen Akkiraju, a University of Madras and Harvard Business School alumnus said, "the companys fabric, as it relates to SD-WAN and cloud networking, fits in as an important piece of Ciscos Enterprise Networking strategy which is driving an industry-wide transition to a software centric architecture and business model."
Viptela was founded by 2012 by former Cisco engineers, some of them hailing from the Indian sub-continent.
Cisco will buy Viptela for USD 610 mil...