Dive Brief:
- Cisco announced it plans to buy ParStream, a German-based developer of database analytics tools for IoT environments.
- ParStream allows companies to analyze large amounts of data and store it anywhere in the network.
- Cisco also announced it would buy privately held network security company Lancope Inc. to boost its security business.
Dive Insight:
The ParStream database filters billions of records, enabling customers to analyze large amounts of data in near real-time, Cisco said. The purchase complements Cisco’s current data and analytics portfolio and improves its ability to provide analytics at the “edge of the network, where data is increasingly being generated in large volumes.” The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2016.
Meanwhile, Lancope’s StealthWatch system identifies suspicious traffic patterns inside a network. Cisco has made an effort to build its security business over the last year. In 2014, the company acquired cybersecurity firm Sourcefire for $2.7 billion and bought malware-detection technology company ThreatGrid Inc. In June it agreed to pay $635 million for OpenDNS.
The security business represented about 4.3% of Cisco’s overall revenue in 2014.
