Cisco expanding its cloud-native portfolio with acquisition of Banzai
By MYBRANDBOOK
Cisco is continuously expanding its product portfolio of cloud-native technology, expanding it further with its second deal for an international startup focused on Kubernetes since last month.
At the end of this quarter, the agreement to buy Hungary-based Banzai Cloud is expected to close. The price of the deal is not yet revealed.
Banzai will add to a slate of emerging technologies being nurtured within the networking giant’s Emerging Technologies and Incubation group, the team incubating projects around cloud-native networking, security and edge computing environments for modern distributed applications.
Banzai was founded in the year 2017 and it fits well with Cisco’s vision of amassing talent from around the world to drive innovation around enterprise digital transformations, blogged Liz Centoni, Senior Vice President for Cisco Strategy and Emerging Technology & Incubation.
“This team has demonstrated experience with complete end-to-end cloud-native application development, deployment, runtime and security workflows. They have built and deployed software tools that solve critical real-world pain points and are active participants in the open-source community as sponsors, contributors and maintainers of several open-source projects,” Centoni said of Banzai.
The news of the acquisition of Banzai comes immediately after a reportedly $100 million deal last month to buy Portshift, an Israeli startup focused on application security for cloud-native development environments.
The two “cross-border acquisitions are a testament to the globalization of the cloud-native ecosystem and underscore our commitment to hybrid, multi-cloud application-first infrastructure as the de facto mode of operating IT,” Centoni said.
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