A news report by Calcalist reported Cisco is in advanced negotiations to acquire Israeli cybersecurity firm Axonius for $2 billion.
KEY FACTS
- Deal Cisco in advanced talks to buy Axonius for $2 billion
- Target Axonius offers an asset and device security management platform
- Valuation Previously valued at $2.6 billion and raised about $700 million
- Recent moves Acquired Cynerio for $180 million and cut about 100 jobs last November
Axonius in a statement: “Axonius is not in talks to be acquired by Cisco. Our strategy is to build a durable, independent company. We are focused on execution, serving our customers, and continuing our growth. That is where our attention is.”
Founded in 2017 in New York by Dean Sysman, Ofri Shur and Avidor Bartov, the company provides a centralized catalog of devices and accounts connected to corporate networks and identifies gaps in security coverage.
The platform integrates with more than 300 security and management solutions, can be deployed within minutes and can take automated remediation actions such as blocking unauthorized users or installing missing updates.
Axonius has raised roughly $700 million from investors including Accel, Silver Lake, Bessemer Venture Partners, Iconiq Capital and Alkeon Capital. Its first investor, YL Ventures, has exited its holdings.
WHY IT MATTERS
A sale would strengthen Cisco’s enterprise security portfolio and follows a wave of large deals in the sector. The terms and regulatory or customer impacts remain unclear.