Cisco Systems, Inc. completed the acquisition of Isovalent, Inc.
April 11, 2024
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Cisco Systems, Inc. (NasdaqGS:CSCO) agreed to acquire an unknown stake in Isovalent, Inc. on December 21, 2023. Cisco became an investor in Isovalent as part of their Series A funding round in 2020 alongside Andreessen Horowitz and Google. The Isovalent team will join the Cisco Security Business Group once the acquisition closes, which is expected in the third quarter of fiscal year 2024.
Cisco Systems, Inc. (NasdaqGS:CSCO) completed the acquisition of Isovalent, Inc. on April 12, 2024.
Cisco Systems, Inc. is the world leader in designing, developing, and marketing Internet network equipment. Net sales break down by family of products and services as follows:
- network equipment (68.9%); switches and routers, technological software and systems (storage, Internet access, and security systems, wiring, gateways, connection interfaces and modules, etc.), etc.;
- services (24.3%): technical assistance, network design, execution, and integration services, etc.;
- security products (6.8%).
Net sales are distributed geographically as follows: Americas (58.7%), Europe/Middle East/Africa (26.6%) and Asia/Pacific (14.7%).
CISCO SYSTEMS, INC. 
