Israeli startup Sedona Systems, a provider of multilayer network intelligence and automation solutions, is set to be acquired by Cisco, the tech conglomerate indicated on Tuesday.
Kevin Wollenweber, VP of networking for Cisco’s Mass-Scale Infrastructure Group, wrote a post announcing the multinational’s intent to acquire the Israeli company, without indicating the financial terms. Israeli business daily CTech by Calcalist estimated the value of the transaction at $100 million.
Founded in 2014, Sedona Systems developed software called NetFusion, Sedona’s network intelligence and automation platform, which offers communications service providers (CSP) a full, near real-time view of the network, enabling data-driven business decisions. NetFusion quickly became a leading, commercially deployed Hierarchical Network Controller (HCO) in the market today and has been adopted by major operators and standard bodies around the world, the company has indicated.