Cisco is mulling another security purchase to build out its growing portfolio.
The tech giant is in talks to purchase Signal Sciences, a Los Angeles cybersecurity startup in which Cisco already has a relationship. Five-year-old Signal Sciences is a web application security company that develops software to protect applications running in private data centres and the cloud.
A deal with Signal Sciences could strengthen Cisco’s increasing focus on cybersecurity, which has been one of Cisco’s fastest-growing markets in terms of revenue for the past several quarters. During the company’s Q3 2019, security revenue shot up 21 percent.
Cisco CEO Chuck Robbins said during the company’s third-quarter earnings call that security would be “a good, solid business” for Cisco for a long time.”
Cisco and Signal Sciences have partnered in the past. The two companies announced in a blog post in June that the startup would integrate its technology into Cisco Threat Response, a platform that automates integrations across Cisco security products. Signal Sciences is a member of Cisco’s Security Technical Alliance.
