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Arista Announces Acquisition of Awake Security

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Arista Networks (NYSE:ANET) has announced its acquisition of Awake Security, a leader in Network Detection and Response (NDR), integrating AI with human expertise to enhance cybersecurity. The Awake platform has garnered positive recognition for its ROI and effectiveness in the NDR market, including receiving awards from Enterprise Management Associates and Frost & Sullivan. This acquisition aims to strengthen Arista’s offerings in proactive security as it anticipates closing the deal in fiscal Q4 FY2020, without a material impact on its 2020 financial results.

Positive
  • Acquisition enhances Arista's cybersecurity capabilities with Awake Security's NDR technology.
  • Awake Security has received multiple industry awards, indicating strong market recognition.
Negative
  • None.

SANTA CLARA, Calif.--()--Arista Networks (NYSE:ANET), a leader in cognitive cloud networking, today announced that it has entered into a definitive agreement to acquire Awake Security, a Network Detection and Response (NDR) platform provider that combines artificial intelligence (AI) with human expertise to autonomously hunt and respond to insider and external threats.

The Awake platform is recognized for bringing great value with outstanding ROI between features and cost within the NDR market and ranked #1 by Enterprise Management Associates (EMA). Awake is also widely acknowledged for NDR technical leadership by many, including Emerging Technology Research, IT Central Station and Frost & Sullivan. In 2019 Awake received Frost & Sullivan's Visionary Innovation Leadership Award for its innovation, high customer satisfaction and overall performance.

"We see an exciting future for Awake within the Arista family," said Rahul Kashyap, CEO for Awake Security. “Awake pioneered NDR platforms for real-time AI-driven situational awareness to secure digital assets and then respond to mitigate those risks. This acquisition allows us to further that mission.”

"We warmly welcome Awake Security to the Arista team,” stated Anshul Sadana, COO for Arista Networks. “With the proliferation of users, devices and Internet of Things (IOT), Awake’s best of breed threat detection platform is synergistic with Arista’s market leading cognitive cloud networks, delivering proactive security for our customers.”

The transaction is expected to close in Arista’s fiscal Q4 FY2020, subject to customary closing conditions, including regulatory approvals. This acquisition is not expected to have a material impact on fiscal 2020 operating results.

For more details, read Rahul Kashyap’s blog here and Jayshree Ullal’s blog here.
Arista and Awake executives will host a Webinar on “The AI-Driven Security Transformation” on October 15, at 10:00 AM PT. To attend please register here.

About Arista Networks

Arista Networks is an industry leader in cognitive cloud networking solutions for large data center and campus environments. Arista’s award-winning platforms deliver availability, agility, automation analytics and security through CloudVision® and Arista EOS®, an advanced network operating system. For more information visit www.arista.com.

Contacts

Media Contact
Amanda Jaramillo
Corporate Communications
Tel (408) 547-5798
amanda@arista.com

Investor Contact
Curtis McKee
Corporate and Investor Development
Tel (408) 547-5701
curtism@arista.com

FAQ

What is the purpose of Arista's acquisition of Awake Security?

The acquisition aims to enhance Arista Networks' cybersecurity capabilities by integrating Awake Security's Network Detection and Response technology.

When is the acquisition of Awake Security expected to close?

The acquisition is expected to close in Arista's fiscal Q4 FY2020, pending customary closing conditions and regulatory approvals.

How will the acquisition of Awake Security impact Arista's financial results?

The acquisition is not expected to have a material impact on Arista Networks' operating results for fiscal 2020.

What recognition has Awake Security received in the cybersecurity industry?

Awake Security has been recognized for its ROI and effectiveness, including awards from Enterprise Management Associates and Frost & Sullivan.

Arista Networks

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