Companies, Hardware

Cisco snaps up network security firm Lancope for $450mn

According to a recent article at Tech Radar, Cisco just acquired a network security firm Lancope for $450 million. This marks the company’s newest acquisition and a branching out in the security sector once again. Lancope provides network behavior analytics, threat visibility and security intelligence to help protect companies against top cyber security threats.

Cisco and Lancope will advance Cisco’s Security Everywhere strategy of providing advanced threat protection across the full attack continuum—before, during and after an attack. With Lancope, Cisco’s portfolio of security solutions adds an additional capability of network behavior analytics that extends protection further into the network.

“As enterprises digitize, security challenges rapidly evolve. Real time visibility and understanding of the behavior of every machine or device on the network becomes critical in adapting the ability of enterprises to identify and respond to the next wave of cyber threats,” said Rob Salvagno, vice president, Cisco Corporate Development. “Cisco is committed to helping organizations defend their networks and devices. Together with Lancope, our combined solutions can help turn a customer’s entire network into a security sensor.”

The Lancope team 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 $452.5 million in 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 fiscal year 2016, subject to customary closing conditions including regulatory review.