Cisco Systems has announced that it intends to acquire substantially all of the assets of container security firm Banzai Cloud for an undisclosed amount.
Founded in 2017 and based in Budapest, Hungary, the acquisition of Banzai Cloud’s assets and team is Cisco’s second recent cloud-native focused acquisition. In October, Cisco acquired Portshift, a cloud-native security company based in Tel-Aviv, Israel.
“As modern cloud-native applications become more pervasive, the environments in which these applications run are becoming thinner (containers, microservices, functions), increasingly distributed and more geographically diverse,” said Liz Centoni, Senior Vice President, Emerging Technologies and Incubation.
“Emerging cloud infrastructure technologies give rise to unique implementation challenges as the modern cloud-native application relies on the network to provide application and API connectivity and a runtime platform for an ever-changing cloud topology”.
The acquisition is expected to close by the end of Cisco’s second quarter of FY’21.
The Banzai Cloud team will join the Emerging Technologies and Incubation group, where they will assist in incubating new projects for cloud-native networking, security and edge computing environments for modern distributed applications.