Another day, another Cisco acquisition.
The networking giant said today in a blog post that it intends to acquire Cognitive Security, a small, privately-owned security firm based in Prague, Czech Republic. The company focuses on network security research and applying artificial intelligence techniques in order to detect advanced cyberthreats.
In comments, Cisco Head of Corporate Business Development Hilton Romanski, who heads up the company's mergers and acquisitions, said:
Cisco's security vision is to provide always on, integrated security to empower customers to realize the benefits of a mobile, cloud-enabled business. Cisco's cloud-based global threat intelligence and Cognitive Security's real-time behavioral analytics will integrate to a common policy engine that controls distributed network enforcement in an intelligent network, and mitigates advanced cyberthreats.
Cognitive employees will join Cisco's Security Technology Group, headed up by Cisco Senior Vice President Chris Young. Financial terms of the deal were not disclosed, but the deal is expected to close in Cisco's fiscal third quarter.
It's part of a continued effort by Cisco to bolster its networking platform through a series of mergers and acquisitions (M&A), as well as a wider push to offer cloud-based products.
Before then, however, there have been a number of acquisitions, not limited to Cariden Tech for $141 million, a buyout bid for Cloupia for $125 million, and the Meraki acquisition for $1.2 billion. One of Cisco's largest acquisitions to date was television software maker NDS for $5 billion in March last year.