Tuesday, October 27, 2015

Cisco to Acquire Lancope for Traffic Behavior Analytics

Cisco agreed to acquire Lancope, a privately held network security company for $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. The companies have been commercial partners for some time.

Lancope, which is based in Alpharetta, Georgia, provides network behavior analytics, threat visibility and security intelligence to help protect companies against top cyber security threats. Its StealthWatch FlowCollector collects and analyzes massive amounts of network data to obtain visibility for early threat detection. The goal is to quickly detect a wide range of attacks from APTs and DDoS to zero-day malware and insider threats.

Cisco said the Lancope acquisition will advance itsSecurity Everywhere strategy of providing advanced threat protection across the full attack continuum -- before, during and after an attack. With Lancope, Cisco's portfolio of security solutions adds an additional capability of network behavior analytics that extends protection further into the network.

"As enterprises digitize, security challenges rapidly evolve. Real time visibility and understanding of the behavior of every machine or device on the network becomes critical in adapting the ability of enterprises to identify and respond to the next wave of cyber threats," said Rob Salvagno, vice president, Cisco Corporate Development. "Cisco is committed to helping organizations defend their networks and devices. Together with Lancope, our combined solutions can help turn a customer's entire network into a security sensor."

Lancope was founded in 2000 with backing from Canaan Partners, Council Capital and H.I.G. Ventures. The company is headed by Mike Potts, who previously served as President and CEO of AirDefense.