Cisco to Boost Cloud Security Portfolio With CloudLock Buy

**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in March-April 2016.**

Cisco on Tuesday said it plans to acquire CloudLock, a privately held cloud security company, for $293 million in cash and equity.

CloudLock focuses on cloud access security broker (CASB) technology that provides enterprises with visibility and analytics around user behavior and sensitive data in cloud services, including SaaS, infrastructure as a service (IaaS) and platform as a service (PaaS). The technology helps customers understand and monitor user behavior and sensitive data in cloud apps.{ad}

The acquisition is expected to close in the first quarter of fiscal year 2017, subject to customary closing conditions.

Cisco said the purchase will further enhance its security portfolio and build on its Security Everywhere strategy, designed to “provide protection from the cloud to the network to the endpoint.”

“As companies are migrating to the cloud, they need a technology partner that can accelerate that transition and deliver critical security capabilities for all their users, apps and data in a seamless way,” said Rob Salvagno, Cisco’s vice president of corporate development. “CloudLock brings a unique cloud-native, platform and API-based approach to cloud security which allows them to build powerful security solutions that are easy to deploy and simple to manage.”

The CloudLock team will join Cisco’s Networking and Security Business Group under David Goeckeler, senior vice president and general manager.

Leave a comment

Your email address will not be published. Required fields are marked *

The ID is: 51349