Cisco swallows security firm Lancope for $452m
We've run with these kids before and they're good for us, says Savagno
Cisco has announced its intention to acquire netsec firm Lancope for more than $452m in cash.
The company aims to supplement its security offerings with those of Lancope's StealthWatch suite, which protects networks with live monitoring and behaviour analytics of network data flows.
Cisco is doubling down on its netsec portfolio, following the largely complementary and cloud-focused gobbling of OpenDNS, Portcullis and Neohapsis. Lancope's team will meet the remnants of those formerly acquired company's staff within the halls of Cisco's Security Business Group.
Cisco's veep Robert Salvagno noted that "Lancope has been part of Cisco's security solution for many years through a successful commercial relationship and now we are coming together as one team."
"We are embedding threat protection capabilities from the enterprise infrastructure to the data center, from mobile to the cloud, and through to endpoints," blogged Cisco's veep.
The deal is expected to close in Q2 2016, for $452.5m in cash plus assumed equity awards. ®