Cisco announced that it has completed the acquisition of Viptela, a privately held start-up company focused on software-defined WAN (SD-WAN) technology based in San Jose, California, for approximately $610 million in cash and assumed equity awards under an agreement originally announced in May, 2017.
Viptela has developed a secure overlay fabric for SD-WAN, cloud onramp and Network-as-a-Service (NaaS) applications for enterprise clients. The Viptela fabric is designed to enable separation of control, data, management and orchestration layers and integrates routing, security and policy controls and application awareness across all elements in the system. A key feature of the solution is integrated authentication, encryption, segmentation and access controls.Viptela has announced major deployments of its fabric solution with customers including Verizon, Singtel and NTTPC of Japan.
Cisco noted that it already offers the software-based Cisco Intelligent WAN (IWAN) and Meraki SD-WAN solutions, with the Viptela acquisition intended to enable it to accelerate the development of next generation SD-WAN solutions. The Viptela team will join Cisco's Enterprise Routing team within the Networking and Security Business, led by SVP David Goeckeler.
* In June, Cisco unveiled its 'intent-based' networking solutions that are designed to provide an intuitive network able to continuously learn and adapt and automate and protect processes and services to provide organisations with an intelligent and secure platform for digital transformation. The acquisition of Viptela will support its strategic transition towards a software-centric, subscription-led networking model.
* Cisco stated that it plans to commit significant engineering resources to deliver next-generation SD-WAN solutions based on Viptela's technology. Cisco will combine Viptela's cloud-first network management, orchestration and overlay technologies with its existing enterprise routing platforms and solutions.
* Cisco, which was an investor in Viptela, entered into an agreement to acquire the company for $610 million from equity investors including Redline Captial, Northgate Capital and Sequoia Capital. The company was founded in 2012 and had raised total funding of approximately $108 million in four rounds, including $75 million in a Series C funding round announced in May 2016.
