Market Chatter: Cisco in Advanced Discussions to Purchase Axonius for $2 Billion

MT Newswires Live01-05

Cisco Systems (CSCO) is in late-state negotiations to buy Israeli cybersecurity company Axonius for $2 billion, Calcalist reported Sunday.

The startup has raised about $700 million to date, with investors including Accel, Silver Lake, and Iconiq Capital, according to the report.

"Axonius is not in talks to be acquired by Cisco," the news outlet reported, citing Axonius. "Our strategy is to build a durable, independent company."

Cisco and Axonius didn't immediately respond to MT Newswires' requests 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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