Cisco buys Bangalore based company

In it’s first-ever acquisition in India, Technology giant Cisco has acquired Bangalore based Pawaa which provides security solutions and cloud-based file-sharing software. It will be integrated with Cisco’s Software Platform Group. The company has not yet divulged the amount of money paid for the takeover.

Pawaa was a part of Cisco’s Entrepreneur-in-Residence programme, an initiative that supports early-stage entrepreneurs working on the next big ideas in technologies, such as big data analytics, smart cities, cloud computing and enterprise security.

Prakash Baskaran, the Founder of Pawaa has been appointed as Chief Technology Officer for Cisco’s security solutions division.

Cisco has also invested in many Indian companies like Covacsis, MobStacs and MobiKwik but Pawaa is the first acquisition by the company in India. To improve the capabilities of the company and tap new markets, the company follows the strategy of acquisition and ...Read more