HOBI Weekly Blog Recap 6/11-6/15
Cisco formally announced their acquisition of Lancope, a security analytics firm, this Tuesday. This deal is expected to close second quarter of 2016, and cost Cisco $452.5 million in cash and equity for Lancope to join the Cisco Security Business Group. Lancope previously raised $24.6 million in funding, so investors can expect major return on completion of this acquisition.
Lancope works with companies to identify any potentially malicious behavior on corporate networks. Through their NetFlow and StealthWatch systems, Lancope is able to track network usage in real time and identify any suspicious behavior, such as “back-door,” unauthorized entrances to an enterprise’s network. Cisco has worked with Lancope in the past as a client, but now will add Lancope’s programs to their portfolio of security solutions.
It’s a time for change in major tech giants, especially with more room for growth in security services. With Lancope’s new behavior analytics capabilities, Cisco’s security portfolio is stronger than ever.
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