$SFOR I have been in discussion with Mike Higgins
Post# of 82672
(Total Views: 665)
Posted On: 08/29/2018 9:42:27 AM
$SFOR I have been in discussion with Mike Higgins who is the CISO and on the security board for CISCO. Great guy. He responded to my questions. As expected regarding the Duo acquisition but nice to have confirmation that money has been set aside. Below is my conversation with him this far:
Me (8/28):
I do have a question that maybe you have the capability to answer. If Cisco, or a company similarly as large and successful, were to acquire a company that is in the middle of litigation, would the acquired company be required to finalize all lawsuits prior to the formal acquisition date? Or would Cisco take on that burden of the acquired company’s current litigation obligations? I understand if you cannot answer but worth checking with your expertise. Thanks Mike
Mike response (8/29):
CISCO would require the company to set aside money from the acquisition in reserve for the outcome of the litigation. If it successfully defends itself the monies would be retained by the original owners... imho.
My reply (8/29):
That’s what I thought but wanted to confirm. Thank you. More specifically i was using the above example with regards to the Duo Security acquistion as Duo is in a pretty heated lawsuit with regards to its IP. CISCO would be well informed and prepared for this so your info is tremendously reassuring. Thanks Mike. Have a great Wednesday!
Mike’s response (8/29):
Knowing CISCO, they are well prepared as a part of their due diligence process. As they say, “this isn’t their first rodeo”.
Me (8/28):
I do have a question that maybe you have the capability to answer. If Cisco, or a company similarly as large and successful, were to acquire a company that is in the middle of litigation, would the acquired company be required to finalize all lawsuits prior to the formal acquisition date? Or would Cisco take on that burden of the acquired company’s current litigation obligations? I understand if you cannot answer but worth checking with your expertise. Thanks Mike
Mike response (8/29):
CISCO would require the company to set aside money from the acquisition in reserve for the outcome of the litigation. If it successfully defends itself the monies would be retained by the original owners... imho.
My reply (8/29):
That’s what I thought but wanted to confirm. Thank you. More specifically i was using the above example with regards to the Duo Security acquistion as Duo is in a pretty heated lawsuit with regards to its IP. CISCO would be well informed and prepared for this so your info is tremendously reassuring. Thanks Mike. Have a great Wednesday!
Mike’s response (8/29):
Knowing CISCO, they are well prepared as a part of their due diligence process. As they say, “this isn’t their first rodeo”.
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