US-based networking equipment company, Cisco, has acquired Bangalore-based IT security firm Pawaa Software. This is Cisco’s first acquisition in India. The financial details about the acquisition has not been disclosed.
With this acquisition, the Pawaa team will join Cisco’s software platform group and will be led by Pankaj Srivastava, VP at Cisco.
Founded in 2007 by Prakash Baskaran, Pawaa, is a security software company that focuses on file and document security. The company’s focus is to prevent data leaks at the hands of trusted users such as employees, partners, customers, vendors, suppliers and friends. They provide control over the information for the owner/creator of the information for its life time.
The company also offers many products based on its pawaaFILE platform. These products include SecurelyShare for outlook, SecurelyShare for mail servers, SecurelyShare for desktop, SecurelyShare for box and SecurelyShare on web.
PawaaFILE (.paw) is a file format meant for security that addresses multiple security needs, wherein, it wraps around the native file and encrypts the content. Once the native file is converted to .paw file, only authorized users can access the information at authorized location for permitted duration as per the usage policy with complete audit trail.
Pawaa has developed an innovative technology platform backed by several patents that makes file security easy for all. With the introduction of SecurelyShare, a suite of information security solutions, the company offers file security to the application layer, at a click of a button. All the complexities around file security including key management, id management, policy management and log management are removed, so file security can be embedded into any cloud or enterprise applications that require file security before it is shared or exchanged with third parties.
Here’s how it works:
Speaking on the development, Cisco said, “As organisations evolve and look at new ways to improve their business agility, business processes need to be connected and automated. Cisco’s automation platforms such as Service Exchange Platform and ServiceGrid are key to enabling this evolution by providing highly secure policy-based data flow between business systems and people. Cisco is acquiring Pawaa to accelerate the data transfer capabilities of these platforms.”
As for Cisco, it was founded in 1984 by a small group of computer scientists from Stanford University. Since the company’s inception, Cisco engineers have been working in the development of Internet Protocol (IP)-based networking technologies. The company offers advanced technologies such as home networking, IP telephony, optical networking, security, storage area networking and wireless technology. Besides its products, Cisco also provides a broad range of service offerings, including technical support and advanced services.
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