Cisco to buy Epsagon for $500 mn

NETWORKING major Cisco has said it is acquiring observability company Epsagon, saying that the deal will play a key role in helping the company accelerate its full-stack observability strategy.

Although Cisco did not reveal the deal size but according to a report from Tel Aviv-based news site Globes, it is spending $500 million to buy the observability firm.

Cisco's core SaaS (software-as-a-service) solutions for full-stack observability include AppDynamics, ThousandEyes and Intersight.

"Our Full-Stack Observability platform, comprised of these solutions, provides observability across the entire stack of applications, network infrastructure and security with real-time insights correlated across domains and integrated with business context powered by AI and machine learning," the company said in a statement.

Increasing consumer demand for a seamless digital experience with each application interaction – whether shopping for groceries, ordering meals, buying a car, applying for a loan or getting work done – means businesses must ensure that every component of their application – third-party or otherwise – runs smoothly.

"To accelerate application development lifecycles, businesses are adopting cloud-native technologies, microservices and containerized components on a large scale while leveraging an extensive web of traditional components, third-party services and application programming interfaces," Cisco noted.