Cisco snaps up Israeli chip maker Leaba Semiconductor

Cisco Systems said Wednesday that it is acquiring Israeli networking chip maker Leaba Semiconductor for $320 million.

The deal will help Cisco develop new networking products and bring them to market faster, said Cisco mergers and acquisitions head Rob Salvano in a blog post.

Leaba’s website says the company is “a fabless semiconductor company operating in stealth mode” and can’t say much about itself, although it says it offers solutions “for significant infrastructure challenges” and is backed by “blue-chip investors.”

The company was co-founded by Eyal Dagan, who also launched Dune Networks in 2005. Dune, based in Sunnyvale, was acquired by Broadcom in 2009. Dune was a fabless chip company that designed data center networking chips and Ethernet switching platforms.

Leaba’s team will report to Ravi Cherukuri, head of Cisco’s Core Hardware Group.

The acquisition is Cisco’s third in the past month. In early February, the company announced plans to buy Santa Clara-based Jasper Technologies, and Tuesday it said it is buying San Jose-based CliQr Technologies.


Photo: Paul Sakuma, Associated Press

 

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