Cisco (NASDAQ: CSCO) is to acquire CloudLock Inc., a Waltham, Massachusetts-based cloud security company, for $293m.
The acquisition – expected to close in the first quarter of fiscal year 2017, subject to customary closing conditions – will further enhance Cisco’s security portfolio and extend the cloud security offering throughout the enterprise.
Led by Gil Zimmermann, CEO, and Ron Zalkin, CTO, CloudLock specializes in cloud access security broker (CASB) technology that provides enterprises with visibility and analytics around user behavior and sensitive data in cloud services, including SaaS, IaaS and PaaS.
The team will join Cisco’s Networking and Security Business Group under Senior Vice President and General Manager David Goeckeler.
The company was backed by Bessemer Venture Partners, Salesforce, Cedar Fund, and Ascent Venture Partners.
FinSMEs
29/06/2016