Cisco, Monday announced its intent to acquire Lancope, a privately held network security firm that provides network behavior analytics, threat visibility and security intelligence to help protect companies against top cyber security threats. With Lancope, Cisco's portfolio of security solutions adds an additional capability of network behavior analytics that extends protection further into the network.
The Lancope team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.
Lancope's StealthWatch system identifies suspicious traffic patterns inside the network to detect a wide range of attacks. Through continuous network visibility, specialized threat analysis and protection, Lancope helps customers to monitor, detect, analyze and respond more quickly to modern security threats on enterprise networks.
Rob Salvagno, vice president, Cisco Corporate Development
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.