Networking Tsar Cisco has written a $293 million cheque for cloudy security outfit CloudLock.
CloudLock provides cloud access security tech, and analytics on user behaviour and sensitive data for cloud services. Cisco said that the acquisition will close in the first quarter of fiscal year 2017 and the CloudLock team will join Cisco’s Networking and Security Business Group.
It will be ruled by Senior VP and general manager David Goeckeler.
Cisco Corporate Development’s Rob Salvagno said the acquisition will boost security for companies seeking to migrate to the cloud. In fact Cisco is buying rather a lot of cloudy security outfits lately.
It bought Lancope for $452 million, the Portcullis Computer Security for an undisclosed sum, and OpenDNS for $635 million.
