SAN JOSE, CA--(Marketwired - Dec 22, 2015) - Today, Cisco (
The acquisition of Lancope enhances Cisco's Security Everywhere strategy, enabling the network to become a security sensor, delivering continuous visibility, and accelerating incident response across the extended enterprise.
The Lancope team joins the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement Cisco paid $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.
Visit the blog announcing Cisco's intent to acquire Lancope.
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Forward-Looking Statements
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding Lancope personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of Lancope due to the uncertainty about the acquisition, the retention of employees of Lancope and the ability of Cisco to successfully integrate Lancope and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
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