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Cisco buying Lancope for $450m

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28 October 2015

Cisco is acquiring security vendor Lancope for $452.5 million to bolster its threat visibility portfolio for enterprise networks.

Lancope specialises in network behavior analytics, threat visibility and security intelligence. Its StealthWatch product is designed to continuously monitor the enterprise network and identify suspicious traffic patterns to detect attacks, helping network administrators respond more quickly to potential threats.

Lancope will advance Cisco’s Security Everywhere strategy of pervasive threat protection by adding network behaviour analytics further into the network, the company says.

Lancope is a privately held, venture-backed company based in Alpharetta, Georgia. It employs 280 and was founded in 2000.

Lancope will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.

The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2016, which ends next January.

Lancope is Cisco’s second acquisition in a week having already bought up German Internet of Things analytics company ParStream.

IDG News Service

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