Cisco Buying UK’s ScanSafe For £112 Million

Cisco's Scansafe announcement

Cisco Systems (NSDQ: CSCO) has agreed a $183 million (£112.1 million) cash-and-incentives deal to buy London- and California-based online security firm ScanSafe and integrate it to its security division. ScanSafe’s largest institutional shareholder Balderton Capital first funded the company upon its launch in 2004 by brothers Eldar and Roy Tuvey. The company, now with 150 staff and customers in 100 countries, counts AT&T (NYSE: T) and Orange among its media industry clients. Cisco says it will make ScanSafe part of its AnyConnect VPN Client product, while it hopes the ScanSafe’s data centres will boost its existing “cloud-security” offering. But they will have to wait until Cisco’s second quarter early next year for the deal to take place — and it’s subject to an unspecified list of closing conditions. Release.

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