Cisco completes acquisition of Lancope
On December 22, San Jose, CA-based Cisco announced it has completed the acquisition of Lancope, Inc., a privately held company based in Alpharetta, GA, that provides network behavior analytics, network visibility, and security intelligence to protect enterprises against today’s advanced threats.
The acquisition of Lancope enhances Cisco’s Security Everywhere strategy, enabling the network to become a security sensor, delivering continuous visibility, and accelerating incident response across the extended enterprise.
The Lancope team joins the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement Cisco paid $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.