Cisco will acquire Truviso, a maker of realtime network data analysis and reporting software, to beef up its network management and analytics portfolio.
Financial terms weren't provided for the deal, which Cisco revealed Thursday. Truviso's team will join Cisco's Network Management Technology Group, and its software analytics will be integrated into Cisco Prime, Cisco's network management software platform.
Based in Foster City, Calif., Truviso was founded in 2006 by a University of California Berkeley professor, Michael Franklin, now its CTO, and a Ph.D. student, Sailesh Krishnamurthy, now vice president of technology.
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The company, which is venture-backed by Onset Ventures, Diamondhead Ventures and the UPS Strategic Enterprise Fund, has been lauded for its approach to so-called continuous analytics -- the nonstop analysis of data as it is streamed, as opposed to a more traditional business intelligence approach of collecting data and then running analysis queries. Truviso's platform is based on open-source PostgreSQL database software.
Cisco expects the acquisition to close during its fourth fiscal quarter, which ends July 31, 2012.
"Customers want to be able to tap into and better analyze the enormous volume of data traversing their networks to identify ways to enhance services and generate new revenue opportunities. Embedding Truviso's realtime business intelligence into the network will help customers unlock these capabilities at the speed of the network," Jamie Lerner, vice president and general manager for Cisco's Network Management Technology Group, said in a statement.
Cisco's most recent acquisition was of ClearAccess, a maker of provisioning and device management software that Cisco also plans to leverage in Prime. Cisco has once again picked up a pace of steady M&A activity in recent months following a slowdown amid last year's restructuring.
Rob Lloyd, Cisco executive vice president, worldwide operations, told CRN in early April that Cisco will acquire companies in line with its five major priorities: core networking, collaboration, cloud and the data center, video and architectures.
"We've been pretty balanced, but we are back in the acquisition market. We addressed our own internal operating deficiencies and achieved the cost reductions, in three quarters, what we said we'd have in four quarters, and we told our shareholders and customers that we'll augment our internal innovation through acquisition. That will continue to be part of our playbook," Lloyd said.
