Cisco acquires IT security company Pawaa

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Enterprise IT vendor Cisco has acquired Bengaluru-based IT security company Pawaa.

Pawaa, a provider of security solutions and cloud-based file-sharing software, was a part of Cisco’s Entrepreneur-in-Residence program in 2014, an initiative that supports early-stage entrepreneurs working on the next big ideas in technologies, such as big data analytics, smart cities, cloud computing and enterprise security.

Cisco will integrate Pawaa with its Software Platform Group. Prakash Baskaran, founder of Pawaa, has been appointed as chief technology officer for Cisco’s security solutions division, Hindu BusinessLine reports.

Cisco Ventures has already invested in many Indian companies, including Covacsis, MobStacs and MobiKwik.

Earlier, Cisco announced plans to invest $1.7 billion a year in India.

Cisco is developing its first innovation centre in India to focus on e-governance, smart cities and education. The centre, Cisco’s 10th globally, is likely to be located in Andhra Pradesh.

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