Cisco has acquired its first company in India, IT security firm Pawaa.
Its annual investments in India, totaling around $1.7 billion, are aimed at promoting research and development in the field of technology. Financial details about Cisco’s first acquisition in the country have not been disclosed. Pawaa, Banglore-based security firm, offers security solutions and cloud-based file-sharing software.
After the integration, Pawaa founder Prakash Baskaran will be working as Chief Technology Officer for Cisco’s security solutions division. Pawaa was a part of Cisco’s Entrepreneur-in-Residence programme in 2014 which extended for six months.
