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Cisco to acquire Splunk

Cybersecurity

Cisco to acquire Splunk

September 22, 2023SSN Staff

SAN JOSE and SAN FRANCISCO, Calif. — Cisco and cybersecurity software company Splunk have announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Cisco reported that upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s executive leadership team reporting to Chair and CEO Chuck Robbins. In a release issued on the acquisition the parties...

Chuck Robbins, Cisco, Cybersecurity, Gary Steele, Splunk


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Also Noted

AV-Comparatives report tests 18 different antivirus security vendors

December 29, 2022SSN Staff

INNSBRUCK, Austria – With increasing cyberattacks occurring worldwide, businesses and organizations are looking for solutions to help effectively and efficiently combat them. To that point AV-Comparatives has released the December 2022 Enterprise Security Test Report of 18 IT security solutions. It covers malware protection, real-world protection, and performance tests as well as product reviews, AV-Comparatives said. The 18 vendors put through the tests consisted of: Acronis,...

Acronis, AV-Comparatives, Avast, Bitdefender, Cisco, CrowdStrike, cyber-attacks, Cybereason, Elastic, ESET, false alarm, G Data, IT Security, K7, Kaspersky, Malwarebytes, Microsoft, Sophos, Trellix, VIPRE, VMware, WatchGuard


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SIA Standards Committee

General News

SIA announces Peter Boriskin as Chair of SIA Standards Committee

October 17, 2022SSN Staff

SILVER SPRING, Md.—The Security Industry Association (SIA) has named Peter Boriskin, chief technology officer at ASSA ABLOY Opening Solutions, as the new chair of SIA’s Standards Committee. Boriskin takes over as SIA Standards Committee Chair from Steve Van Till – co-founder, president, and CEO of Brivo – who served as chair for 11 years. In this role, Boriskin will lead and work with committee members to develop, promote and advocate industry standards...

ASIS International, ASSA ABLOY Opening Solutions, Brivo, Cisco, Don Erickson, EMC, Johnson Controls (JCI), Lenel, Microsoft, Peter Boriskin, Physical Security Interoperability Alliance (PSIA), Security Industry Association (SIA), Security Industry Standards Council (SISC), SIA Standards Committee, Steve Van Till, The Open Security Exchange, UTC Fire & Security


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Also Noted

Dragonfruit AI names Ray Cooke as VP of Business Development

August 31, 2022SSN Staff

MENLO PARK, Calif.—Dragonfruit AI, the provider of one of retail’s first massively scalable video AI platforms – Frontier - announced that Ray Cooke has joined the company as Vice President of Business Development.  Cooke, who most recently served as SVP at Hanwha Techwin America, will help large-scale retailers use Frontier to derive insights from their video to address pivotal challenges, such as optimizing staffing, detecting unsafe conditions, accelerating investigations,...

Amit Kumar, Cisco, Dragonfruit AI, Hanwha Techwin America, IBM, Ray Cooke


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Also Noted

SafeGuard Cyber raises $45m in strategic growth financing led by NightDragon

April 13, 2021SSN Staff

CHARLOTTESVILLE, Va.—SafeGuard Cyber, a leading SaaS-based platform dedicated to managing the entire lifecycle of Digital Risk Protection, announced it has raised $45 million of equity and debt led by NightDragon with participation from Cisco Investments and previous investor, Allegis Cyber. SafeGuard Cyber’s AI-powered platform empowers businesses to adopt critical collaboration, social media, and mobile chat digital channels while reducing cybersecurity risk and ensuring compliance....

Cisco, Cybersecurity, NightDragon, SafeGuard Cyber


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General News

IoT, drones to drive wireless video surveillance market

October 28, 2015Spencer Ives

LONDON—The wireless video surveillance market will grow across the globe, according to market research firm Technavio, and IoT and drones will play a big role in that growth. “The global wireless video surveillance market is close to 21 percent CAGR [from] 2014 to 2019,” Technavio senior industry analyst, Amrita Choudhury told Security Systems News. Technavio estimated the global market's 2014 value at $399 million, rising to about $1.05 billion in 2019. The Americas,...

Amrita Choudhury, Axis Communications, Bosch, Cisco, Drones, Hikvision USA, Internet of Things (IoT), Security Systems News (SSN), TechNavio


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On The Editor's Desk

Home automation company goes public

August 7, 2013Martha Entwistle

Home automation provider Control4 had a successful IPO on Friday Aug. 2. The company offered 4,000,000 shares of its common stock for $16 per share. The shares began trading on the NASDAQ market. The share price quickly climbed to $20.70 in what Business Insider called a “stellar IPO. … That gives the 10-year-old, Salt Lake City, Utah, company a valuation of about $446 million. Not bad considering it had 2012 revenues of $109.5 million and posted a loss from operations every year since 2008.” The...

Cisco, Control4, home automation, Initial Public Offering (IPO), TechSec Solutions


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Suppliers

New Firetide CEO sees mesh networks on the move

May 29, 2013Martha Entwistle

LOS GATOS, Calif.— Cisco veteran John McCool, who joined mesh network provider Firetide as its new CEO on May 20, says there's an increasing demand to take surveillance mobile.“If you think about it, video surveillance [has traditionally] ended on the curb,” McCool told Security Systems News. Cameras have been mounted in static locations on city streets and train platforms, but now there's a demand for that surveillance capability on moving vehicles such as municipal buses and trains....

Avrio, Cisco, Firetide, Fluidmesh Networks, IHS, IMS Research, John McCool, Physical Security


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General News

IHS: Market for wireless infrastructure radios to hit $705m by 2017

April 2, 2013Martha Entwistle

LONDON—The market for wireless infrastructure radios used in video surveillance applications grew 11 percent last year, rising from $274 million in 2011 to $304 million in 2012, according to a study by the research firm IHS. Demand will continue to increase, IHS predicts, and global revenues will reach $705 million in 2017.While much of the growth is expected to come from China and India, “the North American market is currently the largest market and is expected to exhibit steady year-on-year...

Cambium Networks, Cisco, Firetide, IHS, Josh Woodhouse, Motorola Solutions, Security Systems News (SSN)


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On The Editor's Desk

More money for VideoIQ

January 11, 2012Martha Entwistle

VideoIQ yesterday announced it received $3.5 in funding from existing investors Atlas Venture, Matrix Partners and Tenaya Capital. This is an expansion of a Series C funding round. In September, the company got $7.5 million in September from the above investors and another existing investor, Cisco. Also in September, VideoIQ named Ed Bednarcik as its new CEO. Bednarchik, who is known for readying companies for IPOs, replaced Scott Schnell. The company, which makes IP cameras and encoders with on-board...

Atlas Venture, Cisco, Ed Bednarcik, ESI Forum, Matrix Partners and Tenaya Capital, Scott Schnell, VideoIQ


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