Cisco Confirms Deal for Network Monitoring Firm ThousandEyes

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Cisco has confirmed an agreement to buy closely watched network monitoring specialist ThousandEyes for an undisclosed sum. (Bloomberg, earlier reporting talks, had cited a figure of $1 billion).

ThousandEyes was launched in 2010 — with a $150,000 federal grant — by two UCLA doctoral students and has raised backing from investors including GV; the venture capital arm of Alphabet, Inc.

It closed its fiscal year passing $100 million in contract bookings.

Founder Mohit Lad dropped his PhD at the UCLA Lab to work on

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