Merger trend continues with Cisco and Elastic making moves

News by Doug Olenick

The value of the Cisco-Sentryo deal is undisclosed, while Elastic is paying US$ 234 million (£184 million) in stock to acquire Endgame

The surge of mergers continues with Cisco revealing plans to acquire the French firm Sentryo on 6 June and Elastic reporting on 5 June it has entered into an agreement to buy Endgame.

Cisco’s interest in Sentryo centers on its technology that provides device visibility and security solutions for industrial control system (ICS) networks, which Cisco intends to combine with its intent-based network architecture.

The two firms have previously worked together, with Cisco having incorporated Sentryo’s Edge Sensor with its industrial networking hardware.

The financial details of the deal were not released, but it is expected to close before the end of Cisco’s first quarter fiscal year 2020 ending 26 October, 2019. Also required are the customary closing conditions and regulatory approvals, including in France.

Elastic’s deal, which has gained approval from both company boards, has that company paying US$ 234 million (£184 million) in stock to acquire endpoint protection firm Endgame.

"The proposed acquisition will advance Elastic’s ability to offer a comprehensive security solution focused on endpoint security and integrated with Elastic’s existing SIEM efforts," Elastic stated.

The merger is expected to close during Elastic’s fiscal third quarter pursuant to meeting legal considerations which include it being agreed to by Elastic’s shareholders.

Elastic is the firm behind Elasticsearch and Elastic Stack.

These two deals join Imperva acquiring Distil Networks, Insight Partners acquiring Recorded Future, Palo Alto buying Twistlock and PureSec, Sophos taking over Rook Security and FireEye snapping up Verodin.

This article was originally published on SC Media US.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Video and interviews