Cisco has been rather acquisitive in recent years, buying 19 companies since 2015; today it announced it was acquiring cloud-based SD-WAN vendor Viptela for $610 million in cash.
Viptela was founded in 2012 and had raised more than $108 million, including its most recent $75 million round just last May. The $610 million price tag appears to be a nice return for investors.
The company, a venture-backed startup based in San Jose, California, makes an SD-WAN solution, which means a software-defined wide area network. That refers to a software-based network that enables companies to connect the networks of geographically dispersed offices.
Details are on TechCrunh.com