It plans to acquire security startup Twingo Systems for about $5 million in cash.
Cisco Systems continues its security-vendor buying spree. The network gear maker said Friday that it plans to acquire security startup Twingo Systems Inc. for about $5 million in cash. The deal is expected to close by the end of next month.
Twingo Systems makes software that helps to secure remote-computing devices that connect to company networks through Secure Socket Layer VPNs. The software also deletes data that could pose security and privacy risks from end-point devices, including E-mail file attachments, cookies, Internet history, and temporary files.
This acquisition follows several security acquisitions Cisco has made in recent years. In January 2003, Cisco acquired intrusion-prevention software maker Okena Inc. in an all-stock deal valued at $154 million. And in October 2002, Cisco acquired little-known Psionic Software Inc. for $12 million in cash. Psionic was a maker of software designed to help reduce so-called false alerts that often plague intrusion-detection systems.
Analysts say Cisco is acquiring these security firms as part of its Self-Defending Network Strategy.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
2017 State of IT ReportIn today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.