Cisco acquires 42hertz Bengaluru-based SaaS firm
Networking giant Cisco acquired 42hertz ,the SaaS-based from Bangaluru . As Cisco targets a good number of market share in the space of data center, security, enterprise networking, big data, IoT and analytics startups across the globe, has been supporting many startups in India in the last few years to complement the vision of John Chambers, executive chairman had also shown his interest in local startups. 42hertz will be bolstering customer and resource focused products and services.
The transaction had completed about three weeks ago, as per the sources. 42hertz is mentored by Manoj Nuthakki, started in 2011 and headquartered in Houston, Texas. The company has a stronghold in India as well as Singpore market. The company provides enterprise solutions including end-to-end CRM, ERP or other customised solutions leveraging data science and artificial intelligence.
Post the deal, 42hertz will be bolstering customer and resource focused product and services of Cisco. With more than 120 active portfolio companies and over 45 LP funds across the world, Cisco invests $200 to $300 million annually, from series A to late-stage growth investments.
In India, Cisco has invested in about 20 startups, including Mobikwik, Apalya, CloudCherry, Deskera and Whatfix. Besides, John Chambers has backed cybersecurity firm Lucideus, Uniphore in his personal capacity.