Security Experts:

Cisco to Acquire Security Advisory Firm Neohapsis

Cisco Systems said on Wednesday that it would acquire privately held Neohapsis, a Chicago-based security advisory company providing information security, risk management, and compliance services, with a focus on cloud and mobile solutions.

“Together, Cisco, Neohapsis and our partner ecosystem will deliver comprehensive services to help our customers build the security capabilities required to remain secure and competitive in today’s markets,” Hilton Romanski, Head of Business Development at Cisco, noted in a blog post.

“This will help our customers overcome operational and technical security vulnerabilities, achieve a comprehensive view of their risks, take advantage of new business models, and define structured approaches for better protection.”

According to Romanski, the Neohapsis team will join Cisco’s Security Services organization under the leadership of Senior Vice President and General Manager Bryan Palma.

Neohapsis was founded as a Chicago-based consulting boutique in 1997 and was acquired in 2006. The company retained the original name and has offices throughout the U.S. and clients around the world.

Terms of the acquisition, which is expected to close in the second quarter of fiscal year 2015, were not disclosed. 

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.