M&A Deal Summary

Cisco Systems Acquires Isovalent

On December 21, 2023, Cisco Systems acquired information technology company Isovalent

Acquisition Highlights
  • This is Cisco Systems’ 45th transaction in the Information Technology sector.
  • This is Cisco Systems’ 189th transaction in the United States.
  • This is Cisco Systems’ 112th transaction in California.

M&A Deal Summary

Date 2023-12-21
Target Isovalent
Sector Information Technology
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition

Target

Isovalent

Cupertino, California, United States
Isovalent builds open-source software and enterprise solutions solving networking, security, and observability needs for modern cloud native infrastructure. Isovalent was founded in 2017 and is based in Cupertino, California.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees90,400
Revenue 53.8B USD (2024)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 223 of 223
Sector: Information Technology M&A 45 of 45
Type: Add-on Acquisition M&A Deals 215 of 215
State: California M&A 112 of 112
Country: United States M&A 189 of 189
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Splunk

San Francisco, California, United States

Splunk is a provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as historical data across your IT infrastructure. Splunk was formed in 2003 and is based in San Francisco, California.

Buy $28.0B