Cisco has agreed to buy PortShift, an Israeli-based DevOps and Kubernetes security startup, for a reported $100M. So far, PortShift has raised $5.3M from Team8, an incubator that is backed by Cisco, Microsoft, Walmart, and other larger companies. Cisco said the purchase was intended to expand its capabilities in cloud-native application security.
- PortShift provides a Kubernetes-native security platform, which enabling DevOps, security, and operations teams to secure the containerized applications life-cycle.
- Cisco will add Portshift to its Emerging Technologies and Incubation (ET&I) Group when the purchase closes, expected in the first half of its fiscal year 2021.
- The networking giant has made a number of recent high-profile cybersecurity acquisitions, including Duo for $2.35M and OpenDNS for $635M.