Cicsco announced plans today to acquire Lancope, Inc., a private network security company in Alpharetta, Ga., that works on threat visibility, security intelligence and cyber security.
Lancope’s StealthWatch identifies suspicious traffic patterns, and Lancope helps its customers monitor, detect, analyze and respond more quickly to mobile network threats, which are a growing concern for companies’ networks.
Together, Cisco and Lancope will further Cisco’s Security Everywhere strategy of providing advanced threat protection before, during and after an attack. With Lancope, Cisco adds an additional capability of network behavior analytics that extends protection further into the network.
“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,” Rob Salvagno, vice president, Cisco Corporate Development, said in a statement. “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.”
Cisco will pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. The acquisition is expected to close in the second quarter of fiscal year 2016.