It has been almost a year and a half since Cisco Systems Inc. acquired Splunk Inc. At the time, investors were happy because it was a good financial move. Cisco spent $28 billion and would get back about $4 billion a year in revenue that was accretive to profit margins. Splunk revenue is primarily subscription-based, which would accelerate Cisco’s march toward this model.
F5 Inc., the Seattle-based application delivery and security company, is expanding its portfolio with today’s acquisition of CalypsoAI Inc., a leader in enterprise artificial intelligence security. The acquired company was founded in 2018, showing it has been pioneers in the AI security market long before the latest hype cycle. The purchase price was announced at $180 million. The company had raised $43.2 million over three rounds, so the acquisition price provided the investors a strong return.
Cloud communications provider RingCentral Inc. announced today announced it’s acquiring CommunityWFM, a workforce management provider. CommunityWFM will be integrated into RingCentral’s homegrown contact center solution, RingCX. No purchase price was given and CommunityWFM took in no funding, but its revenue is believed to be somewhere in the $5 million to $10 million range.
Palo Alto Networks Inc. today added more capabilities to its fast-growing Prisma SASE (Secure Access Service Edge) platform by leveraging AI to create what the company calls “a blueprint for the AI-ready enterprise.” The Secure Access Service Edge service delivers protection against AI-powered threats, data security that adapts to how information flows, and unified operations capable of intelligent scaling.
Inter is a large digital financial services corporation based in Brazil with its U.S. headquarters in Miami. It began operating in 1994 as Banco Inter, a traditional bank, and became Brazil’s first fully digital, cloud-based bank in 2015. Inter provides online banking and other financial services, ranging from investments to travel, shopping and rewards, to companies and individuals throughout the Americas via its super app.