Cisco Buys Lancope For $452.5M
San Jose-based networking giant Cisco said Tuesday that it is paying $452.5M to acquire network security and monitoring startup Lancope. Cisco said the acquisition will help bolster its cybersecurity threat defense capabilities. Cisco said it will pay Cisco will pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives. Lancope becomes part of the Cisco Security Business Group. Lancope was based in Alpharetta, Georgia.
posted on Wednesday, October 28, 2015
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