Under the terms of the deal, Cisco will pay $452.5m in cash and equity awards, plus additional retention based incentives for Lancope employees who join Cisco.
The acquisition is expected to close in the second quarter of fiscal year 2016, subject to customary closing conditions including regulatory review.
Lancope provides network behavior analytics, threat visibility and security intelligence for companies to protect against top cyber security threats. Its StealthWatch system identifies suspicious traffic patterns inside the network to detect a wide range of attacks. Through continuous network visibility, specialized threat analysis and protection, the platform allows customers to monitor, detect, analyze and respond to security threats on enterprise networks.
With the acquisition, Cisco’s portfolio of security solutions adds an additional capability of network behavior analytics that extends protection further into the network.
Following the close of the deal, the Lancope team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager.