Cisco To Acquire Cybersecurity Firm Lancope For $452 Million In Cash

Cisco (NASDAQ: CSCO) announced yesterday that they are plunking down $452.5 million in cash to acquire privately held cybersecurity firm Lancope, Inc. who is based in Alpharetta, Ga.
Lancope is a venture funded company which provides network visibility and security intelligence to protect enterprises from cyber threats. They were founded in 2000 and their backers include Canaan Partners, Council Capital, and H.I.G. Partners.
According to a Cisco press release, the Lancope team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager.
Lancope is Cisco’s third cybersecurity acquisition this year. Last month Cisco announced their intent to acquire Portcullis Computer Security, Ltd., a privately held UK based consultancy. In June of this year, Cisco acquired cyber threat protection vendor OpenDNS in a deal worth $635 million.
Last year, Cisco snapped up Neohapsis, a well known cybersecurity advisory firm, and ThreatGRID, a malware analysis and threat intelligence vendor. For the full article click here 

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