Cisco to pay $320 million for stealthy startup

Cisco to pay $320 million for stealthy startup

Business news |
By Peter Clarke

Leaba was founded in 2014 by Eyal Dagan, who serves as CEO, and Ofer Iny, who serves as CTO. The company says nothing about its activities on its website but according to Rob Salvagno, vice president of corporate business development at Cisco, Leaba has built a strong team with a track record in designing networking chips.

Dagan and Iny, were co-founders of Dune Networks Inc., a supplier of chips for traffic management in scalable switching fabrics, Dune was founded in 2000 and sold to Broadcom for about $180 million in 2009.

The Leaba is reported to be 45 people and to be venture backed by Bessemer Venture Partners and Pitango Venture Partners.

The Leaba team will report into Cisco’s core hardware group, led by senior vice president, Ravi Cherukuri, Cisco said.

Related links and articles:

News articles:

Cisco rolls 16nm ASICs

Cisco buys video streaming firm NDS for $5 billion

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles