Cisco has added another company to its coffers with the acquisition of ScanSafe for $183 million. A few weeks ago, Cisco announced a $2.9 billion acquisition of mobile networking infrastructure provider Starent Networks, which followed the $3 billion acquisition of video video-conferencing company Tandberg in late September.
ScanSafe provides software-as- a-service (SaaS) Web security solutions for large and small businesses. Tom Gillis, Ciscos’s VP and general manager of its security technology business unit, said in the release that the acquisition would help further Cisco’s vision “to build a borderless network security architecture that combines network and cloud-based services.” ScanSafe’s service will be integrated with Cisco’s AnyConnect VPN Client, a virtual private network (VPN) product to offer a cloud-security service.
The deal is expected to close in the second quarter of 2010. While Cisco has always implemented a strategy of acquisitions, the fact that it has opened up its purse strings three time in the past month is a good sign for tech M&A overall.
Fallout of this buy shall be clear in coming months.
I wonder how Google is going to like white labelling a service owned by Cisco?
And by that I mean that Google’s Web Security Service, which goes hand-in-hand with their Message Security Service (which they got by buying Postini) is powered by ScanSafe.
Congrats to Roy and the team at Scansafe. Well done. They built a hell of a product and deserve a ton of credit.
Here’s my interview series on the ScanSafe brothers: http://www.sram...r-tuvey-part-1/
cisco when they buy it is big
Congratz ScanSafe on the M&A! CSCO definitely has deep ass pockets. Congratz again!!!
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