Cisco Systems is buying Hungary's Banzai Cloud - its second recent cloud-native acquisition. The deal follows its October pact to acquire Israel-based Portshift for a reported $100m.
Banzai Cloud's team will join Cisco's Emerging Technologies and Incubation group by the end of its second quarter.
Founded in 2017 and based in Budapest, Hungary, 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.
"This team has demonstrated experience with complete end-to-end cloud-native application development, deployment, runtime and security workflows," says Cisco's Liz Centoni. "They have built and deployed software tools that solve critical real-world pain points and are active participants in the open-source community as sponsors, contributors and maintainers of several open-source projects."
