Cisco Systems Inc., a US maker of networking software and hardware, said in a blog post on Tuesday that it will acquire Israel’s Sedona Systems, a maker of communication technologies.
No financial details were provided, but Calcalist financial website estimated the deal at $100 million.
Sedona’s NetFusion Platform automatically discovers, aggregates, and analyzes network data from multiple online systems and optical and IP sources, providing unified, real-time, and accurate network-wide data that is then used by different NetFusion products. These products reduce the complexity, cost, time, and resources needed to plan, forecast, and operate the optimal network infrastructure, according to Sedona.
“With Sedona NetFusion joining the Cisco Crosswork portfolio, we will deliver the most advanced network automation platform,” wrote Kevin Wollenweber, vice president and general manager of MassScale Infrastructure Routing and Automation at Cisco, in a blog post.
Sedona was founded in 2014 by Ori Gerstel and Yossi Wellingstein. The company has raised $13.6 million to date from investors including Intel Capital, Bessemer Venture Partners, and NexStar Partners, according to the database of Start-Up Nation Central.
The Tel Aviv-based firm employs 43 workers who will join Cisco in Tel Aviv and be part of the US firm’s R&D center, Calcalist reported. The deal is expected to close in the fourth quarter of the year.
The deal is Cisco’s 16th acquisition in Israel, said Oren Sagi, the managing director of Cisco Israel, in a statement. “There is a clear message here, that global Cisco is strengthening its hold in Israel.” The US firm has R&D centers in Caesarea, Netanya and Tel Aviv.