US-based technology firm Cisco has acquired Bengaluru-based IT security company Pawaa. The terms of the transaction have not been disclosed.
Pawaa provides security solutions and cloud-based file-sharing software. With the acquisition, the company will be integrated with Cisco?s software platform group. Further, Pawaa?s founder Prakash Baskaran has been appointed as the chief technology officer for Cisco?s security solutions division.
Pawaa was a part of Cisco?s Entrepreneur-in-Residence programe at San Jose in 2014. The programme supports early-stage entrepreneurs working on the next big ideas in technologies, such as big data analytics, smart cities, cloud computing and enterprise security. After the programme, Cisco decided to acquire the company?s capabilities in providing policy-based data flow between business systems and people.
Cisco?s investment arm has already invested in many Indian companies, including Covacsis, MobStacs and MobiKwik. However, Pawaa is the first direct acquisition by the company in the country.
