Cisco To Buy Israeli Startup Sedona Systems For Reported $100M
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 automati...
Source: nocamels.com