News Release:
Barely one year after its founding, NetSift, Inc. — a company developing solutions that originated at the University of California, San Diego (UCSD) to improve the security of high-speed communications networks — has agreed to be acquired by Cisco Systems, Inc., for approximately $30 million in cash and options.
NetSift was founded in June 2004 based on patented research at UCSD’s Jacobs School of Engineering led by Computer Science and Engineering professor George Varghese who is the Co-founder, President and CTO. Its other Co-founder and Chief Scientist is CSE grad student Sumeet Singh (in the pic).
NetSift, Inc The San Diego-based company develops content-processing technology focused on high-speed networking and security. Networking equipment giant Cisco said that NetSift will allow it to “accelerate integration of additional packet processing capabilities into future core Cisco platforms, such as modular switching.” In announcing the agreement, Cisco also noted that NetSift offers valuable intellectual property and a core team with a long history of algorithmic innovations supporting high-speed packet processing.
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