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Cisco Wraps Lancope Acquisition

PRESS RELEASE — SAN JOSE, CA–(Marketwired – Dec 22, 2015) – Today, Cisco (NASDAQ: CSCO) 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.

Visit the blog announcing Cisco’s intent to acquire Lancope.

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

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