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Cisco snaps up cybersecurity firm Lancope for $452 million
Cisco on Tuesday said it plans to acquire cybersecurity firm Lancope for $452.5 million.Based in Alpharetta, Georgia, privately held Lancope specializes in network behavior analytics, threat visibility and security intelligence -- features Cisco said it plans to use to bolster its Security Business Group as well as the company's "security everywhere" strategy.Cisco and Lancope have been commercial partners for some time, with Lancope's threat visibility technology being used to turn a Cisco-run network into a security sensor. But coming together under one organization will allow the companies to integrate services more organically and detect network threats more rapidly.Under the terms of the deal, Cisco will pay $452.5 million, as well as "retention-based incentives" for Lancope employees who join Cisco.
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