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Cisco to acquire more companies in India

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AppDynamic-Cisco deal is the biggest acquisition made by Cisco after the 2013 acquisition of US-based security company Sourcefire.

American multinational technology conglomerate Cisco Systems may acquire more Indian companies in coming years. A top executive of the company has told The Economic Times that Cisco would accelerate the pace of acquisitions in India.

 “The acquisitions that have any relevance for Cisco span the spectrum from the largest deals Cisco has done to also smaller acquisitions. The picture that it paints is India is really a huge focus from that perspective,” Rob Salvagno, the head of corporate development at Cisco Investments, told Economic Times in an interview.

The San Jose-based company will be focusing on B2B and enterprise technologies since the two segments have become more important. “It’s a potential pipeline for us. The market here is starting to accelerate from an overall enterprise perspective and that is an important macro trend,” said Salvagno.

According to Salvagno, mergers and acquisitions will become an integral part of Cisco’s corporate development strategy.

“In the next phase, the biggest impact you see from our corporate development activities is from our investments, whether it’s direct investments in startups or through LP funds. As these companies and markets begin to mature, I think that will lead to more interesting M&A candidates going forward,” he said.

The company has already made investments in more than 200 companies across the world. It invests directly as well as through venture funds.

Last year, Cisco had bought Indian American entrepreneur Jyoti Bansal’s AppDynamics, a performance management and IT Operations Analytics company based in San Francisco, for a whopping $3.7 billion.

AppDynamic-Cisco deal is the biggest acquisition made by Cisco after the 2013 acquisition of US-based security company Sourcefire.

AppDynamic has an integrated suite of applications built to enable customers to make faster decisions that enhance customer engagement and improve operational and business performance.

Earlier Cisco had acquired two Indian startups: Bengaluru-based Pawaa, and Cmpute.io, both working on cloud-based software.


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