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Cisco acquires network security startup Observable Networks

Cisco acquires network security startup Observable Networks
From TechCrunch - July 13, 2017

Cisco has made another acquisition in the enterprise security spaceunderscoring the ongoing market demand for security services amid a growing threat of cyber breaches and malicious hacking among businesses that are moving to cloud-based infrastructures.

Today, the IT giantannouncedit has acquired Observable Networks, a company based out of St. Louis that provides real-time network behavior monitoring to help IT teams detect anomalies that might be related to security breaches, focusing particularly on cloud deployments.

Terms of the deal have not been disclosed. Observable has been around since 2011, founded by Patrick Crowley (who is its CTO), and it has raised less than $5 million from investors, according to Crunchbase. The company was estimated to be valued at around $16 million in its last round of funding in May 2016 (which to me seems a bit low).

Observables CEO Bryan Doerrnotes in his own blog post that all the startups employees will be joining Cisco as part of the deal.

Cisco said Observables cloud-native forensics applicationspriced in tiers using a SaaS model based on the size of your business and the number of endpoints securedwill become a part of itsStealthwatchsolution, which is part of the companys Security Business Group led by David Ulevitch. Ulevitch joined Cisco when the company acquired his own security startup, OpenDNS, in 2015 for $635 million.

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