Cisco today announced its intent to acquire ScanSafe, a privately held software-as-a-service (SaaS) Web security outfit based in London and San Francisco.
Under terms of the agreement, Cisco will pay $183 million in cash and retention-based incentives for the security firm. ScanSafe's services will be integrated with Cisco AnyConnect VPN client, but that's not all ScanSafe brings to the table. Cisco will also have access to the security firm's global network of carrier-grade data centers and multi-tenant architecture, both of which will help boost Cisco's presence in cloud security products.
"With the acquisition of ScanSafe, Cisco is executing on our vision to build a borderless network security architecture that combines network and cloud-based services for advanced security enforcement," said Tom Gillis, vice president and general manager of Cisco's Security Technology Business Unit (STBU). "Cisco will provide customers the flexibility to choose the deployment model that best suits their organization and deliver anytime, anywhere protection against Web-based threats."
Cisco added that it expects Web security to be a $2.3 billion market by 2012, which would explain the company's aggressive spending as of late. Earlier this month, Cisco bid a whoppng $3 billion for Norwegian video conference company Tandberg and agreed to pony up $2.9 billion to acquire wirless equipment maker Starent Networks.
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