Cisco Acquires Cloud Security Company, CloudLock, for $ 293 million

19:21
Cisco Acquires Cloud Security Company, CloudLock, for $ 293 million -

Cisco announced its intention to acquire CloudLock, a private company cloud security company based in Waltham, Massachusetts. CloudLock specializes in access security to the cloud broker (CASB) technology that provides companies with visibility and analysis about the behavior of users and sensitive data in cloud services, including SaaS, IaaS and PaaS.

This acquisition could help Cisco accelerate portfolio of cloud security, and extend cloud security offering across the enterprise. The team CloudLock join network security and Cisco Business Group as Senior Vice President and General Manager David Goeckeler.

Under the terms of the agreement, Cisco will pay $ 293 million in cash and assumed the own capital cost, and additional retention-based incentives for employees who join CloudLock Cisco. The acquisition is expected to close in the first quarter of fiscal year 2017, subject to customary closing conditions.

Security Cloud

More data, more devices and more decentralized way companies do business mean that security must evolve beyond an approach on site. CloudLock helps customers accelerate their adoption of cloud by providing security built specifically to meet the realities of first cloud business today .

BCSA technology CloudLock helps clients understand and monitor the behavior of the user and sensitive data in cloud applications, providing greater visibility, respect and protection of the threat regardless of whether these applications are fully sanctioned by IT or not.

"As enterprises migrate to the cloud, they need a technology partner that can accelerate this transition and provide critical security capabilities for all their users, applications and data seamlessly" said Rob Salvagno, Cisco vice president of corporate development . "CloudLock provides a cloud-native approach, platform and based on single API for cloud security that allows them to build solutions robust security that are easy to deploy and simple to manage. "

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