Cisco Systems Inc. said Tuesday it is acquiring privately held network security company Lancope Inc. for $452.5 million. Alpharetta, Ga.-based Lancope, which was founded in 2000, is a provider of network behavior analytics, threat visibility and security intelligence. Lancope is backed by Canaan Partners, Council Capital and H.I.G. Ventures. Cisco’s acquisition of Lancope is expected to close in the second quarter of fiscal year 2016. ‘Cisco and Lancope will advance Cisco’s Security Everywhere strategy of providing advanced threat protection across the full attack continuum—before, during and after an attack,’ Cisco said in the announcement. ‘With Lancope, Cisco’s portfolio of security solutions adds an additional capability of network behavior analytics that extends protection further into the network.’ In a blog post, Rob Salvagno, vice president at Cisco Corporate Development, said that Lancope ‘has been part of Cisco’s security solution for many years through a successful commercial relationship and now we are coming together as one team.’ The Lancope team will join the Cisco Security Business Group led by David Goeckeler, senior vice president and general manager.
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