Cisco Systems is acquiring Israel’s Leaba Semiconductor for $380 million, the Ynet news website reported on Wednesday.
Founded in 2014 by CEO Eyal Dagan and CTO Ofer Eini, two intervenors who set up and sold Dune Networks to Broadcom in 2009 for $200 million.
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Investors in Leaba reportedly include Pitango Venture Capital and Bessemer Venture Partners, which hold 13percent and 15 percent respectively, while Dagan and Eini hold only a 2 percent stake each. 53 percent of the company is held in trust and it is not clear who holds these shares, according to Globes.
This is Cisco’s 12th acquisition in Israel, the most recent one being that of Ra’anana-based self optimization network software company Intucell for $475 million in 2013.
