Rob Salvagno, head of Cisco’s M&A and venture investment team, said in a statement on Cisco’s website: “Leaba is a team with a strong and successful track record of designing leading edge networking semiconductors that provide innovative solutions to address significant infrastructure challenges.”
Leaba was founded in 2014 by CEO Eyal Dagan and CTO Ofer Eini, the pair who previously established and sold Dune Networks to Broadcom in 2019 for $178m.
“This acquisition advances our innovation strategy, supports continued differentiation of Cisco products and delivers on our goal to provide best-in-class solutions for our customers,” continued Salvagno. “By combining Leaba’s semiconductor expertise with the Cisco engineering team, we will accelerate our plans for Cisco’s next generation product portfolio and bring new capabilities to the market faster.”
