Cisco to acquire Lancope for $452 million
Cisco will acquire Lancope, a network behavior analytics and cybersecurity firm, for $452 million in cash and equity.
Cisco said it will acquire Lancope for $452 million in a cash and equity transaction, in addition to an incentive structure.
Lancope's team will join Cisco's security unit led by David Goeckeler, a senior vice president and general manager, according to a blog post Tuesday. The cash and equity transaction is expected to close in Q2 2016.
Lancope raised $24.6 million from H.I.G. Capital, GMG Capital Partners, Canaan Partners, and Council Ventures, according to data provided by CrunchBase.
The company has been an active buyer of cybersecurity and enterprise systems, last month, announcing plans to acquire Portcullis, a U.K.-based cybersecurity firm. In June, Cisco said it would acquire OpenDNS for $635 million in cash and equity and last December it announced plans to buy Neohapsis.
Meanwhile, Cisco competitor Hewlett-Packard decided to sell off its TippingPoint network security group to Trend Micro for $300 million.
UPDATE: In speaking with SCMagazine.com, David Goeckeler said Cisco will “continue to aggressively drive the StealthWatch product and we will also work with the Lancope team on integrated projects.” He said Cisco will build out its larger architecture “and will drive simplicity” in the security market through open APIs, open source technology, and partner companies.