News Column

United States : CISCO acquires THREATGRID

June 23, 2014

With a market cap of $119 billion as of May this year, networking giant Cisco is continuing to diversify including a stronger entry into the booming software networking solutions business.

Well aware that cyber security will remain an in-demand product, the networking giant has tried to shore up its position in that specific area with the acquisition of ThreatGRID, an NYC startup, for an undisclosed sum.

In Cisco's bid to boost its role in cyber security, following the acquisition, ThreatGRID will join SourceFire, bought in 2013.

The latest acquisition also helps the networking giant realize its dream to provide the Internet of Everything to its clients.

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Source: TendersInfo (India)

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