Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Cisco to Acquire Lancope for $452 Million

Cisco on Tuesday announced its intention to acquire network security company Lancope, Inc. for $452.5 million in an effort to boost its threat defense capabilities.

Cisco on Tuesday announced its intention to acquire network security company Lancope, Inc. for $452.5 million in an effort to boost its threat defense capabilities.

Lancope is an Alpharetta, GA.-based company that specializes in security intelligence, threat visibility, and network behavior analytics. These capabilities are part of a solution called StealthWatch which, according to Lancope, is currently used to protect the networks of more than 800 enterprises, universities, and government agencies from around the world.

Cisco and Lancope have been in a commercial partnership for many years, and now the networking giant has decided to acquire the network security firm to advance its Security Everywhere strategy.

“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,” commented Rob Salvagno, vice president of 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.”

“Like our customers, Cisco clearly recognizes Lancope’s ability to unlock security intelligence embedded in the network. Our two companies enjoy a shared ideology of the network as the source of truth, and the similarity in our cultures has made this union especially appealing,” said Mike Potts, CEO of Lancope.

Cisco is prepared to pay $452.5 million in cash and assumed equity awards, and additional incentives for Lancope employees who remain on board. After the acquisition is completed, estimated for the second quarter of Cisco’s fiscal year 2016, the Lancope team will join Cisco’s Security Business Group.

The announcement comes less than a month after Cisco agreed to acquire UK-based security consultancy Portcullis. Cisco also revealed its intention this summer to acquire DNS and enterprise security services provider OpenDNS for $635 million.

Related: Cisco to Acquire Security Advisory Firm Neohapsis

Advertisement. Scroll to continue reading.
Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this event as we dive into threat hunting tools and frameworks, and explore value of threat intelligence data in the defender’s security stack.

Register

Learn how integrating BAS and Automated Penetration Testing empowers security teams to quickly identify and validate threats, enabling prompt response and remediation.

Register

People on the Move

DARPA veteran Dan Kaufman has joined Badge as SVP, AI and Cybersecurity.

Kelly Shortridge has been promoted to VP of Security Products at Fastly.

After the passing of Amit Yoran, Tenable has appointed Steve Vintz and Mark Thurmond as co-CEOs.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.