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Little is known about Leaba, a company that designs
communications chips. It was founded in 2014 by its chief
executive Eyal Dagan and its chief technology officer Ofer Eini,
who set up and sold Dune Networks to Broadcom in 2009 for $200
million.
Investors in Leaba include Pitango Venture Capital of Israel and
Bessemer Venture Partners, Ynet said.
Cisco is actively investigating the best ways to meet future
market needs related to silicon," the company told Reuters. "We
are evaluating and discussing different options as part of our
build, buy, partner and integrate strategy. We will update the
market as soon as there is news to share."
Officials at Leaba, based in the coastal town of Caesarea,
declined to comment.
This would be Cisco's 12th acquisition in Israel, the most
recent one being that of Intucell for $475 million in 2013.
(Reporting by Tova Cohen; Editing by Steven Scheer)
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