Arista Networks acquired Awake Security, Inc. for $180.5 million (total purchase consideration, cash), a transaction completed in October 2020, structured as all cash.
Awake Security, Inc. operates in Network security (NDR), is based in Santa Clara, California, USA. Awake Security, headquartered in Santa Clara, California, was a network detection and response (NDR) platform provider whose product pairs artificial intelligence with human expertise to autonomously hunt for and respond to insider and external threats. Arista acquired all outstanding shares for total consideration of $180.5 million in cash; certain unvested Awake stock options were assumed, with the fair value of replacement options excluded from the purchase price. The deal added a dedicated NDR platform to Arista's product portfolio.
Arista added an NDR platform that combines AI with human expertise to detect and respond to insider and external threats, extending its move into network security.
Purpose-built NDR platform blending AI and human analysis, extending Arista into security. Paired with DANZ monitoring and CloudVision to deliver network security and visibility. Added as an NDR platform within Arista's product portfolio
With the acquisition of Awake Security, we added an NDR platform to our product portfolio that combines artificial intelligence (AI) with human expertise to autonomously hunt for and respond to insider and external threats.Arista Networks FY2020 Form 10-K, Note 2 Business Combinations
Advisory firms were not disclosed for this transaction.