Market Chatter: Cisco in Talks to Acquire Astrix Security for Up to $350 Million

MT Newswires Live

04/13

Cisco Systems (CSCO) is in discussions to acquire Israeli cybersecurity startup Astrix Security for $250 million to $350 million, The Information reported late Friday, citing people with knowledge of the deal.

The startup's last valuation was pegged at roughly $200 million, the news outlet reported, citing one of the sources.

Cisco didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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