Name: Cisco Just Bought a Cybersecurity Startup
Uploaded: 2016-06-28
Duration: 47 s
Description: For almost $300 million

Cisco Just Bought a Cybersecurity Startup

Cisco Systems is planning to acquire a cloud security company called Cloud Lock. The deal, which is expected to close in the first quarter of the 2017 fiscal year, would have Cisco paying $293 million in cash and equity for the startup. Cloud Lock focuses on cloud Access Security broker technology or C A S B for the company website. It delivers security for any cloud application and platform, including I A S P A S and I. D. A s and Orchestrate security across your existing investments. Rob Salvano, vice president of Cisco Corporate Development, stated. Cloud Lock brings a unique cloud native platform and API based approach to cloud security, which allows them to build powerful security solutions that are easy to deploy and simple to manage.