The networking giant has been busting open its wallet to buy nine companies and startups so far this year as it continues to build out its Security Cloud, as well as its observability and network performance stacks.
Networking giant Cisco Systems has been aggressively working on several goals, including stepping up its security game with a unified approach to its cybersecurity portfolio in the form of Security Cloud, as well as prioritizing its observability and network performance stacks. To that end, the company has spent 2023 breaking open its piggy bank.
San Jose, Calif.-based Cisco has revealed plans for, or closed, nine technology acquisitions in the first nine months of 2023. Of those deals, four are focused on security. The spending spree has included a networking security startup and an identity threat protection and response company. On the network performance side of the house, Cisco’s ThousandEyes segment is expected to gain technology from three companies during Cisco’s fiscal first quarter of 2024, which ends in October.
Of the six deals that Cisco closed so far this year and three it plans to close in the next couple of months, the company only disclosed one price tag—Working Group Two for $150 million.
From networking performance to cloud security to mobile core development, here are the nine companies that Cisco has acquired or unveiled plans to buy so far this year.