Cisco to acquire Indian origin company for Rs.3965 crores

New york May 04: US technology giant Cisco has said it will pay 3965 crores in cash to acquire a networking start-up led by an Indian-origin software industry veteran here on Wednesday.

While coming to details, Cisco will buy Viptela, a privately held software-defined wide area network (SD-WAN) company based in San Jose.

The CEO of Viptela company Praveen Akkiraju, a University of Madras and Harvard Business School alumnus, said the company's fabric, as it relates to SD-WAN and cloud networking, "fits in as an important piece of Cisco's Enterprise Networking strategy which is driving an industry-wide transition to a software-centric architecture and business model."



The company was founded by 2012 by former Cisco engineers, some of them hailing from the Indian sub-continent. American gaint Cisco will buy Viptela for 3965 crore in cash and assumed equity awards and the acquisition were expected to close in the second half of 2017 after the completion of the customary closing conditions and regulatory review.

It was Established by Amritsar from Madras IIT to BTech, and then completing management courses in Harvard Business School, the company also earned Rs. 1000 crore. The Cisco spokesperson said, "This decal is expected to be completed in December.