Cisco is to acquire the SaaS web security provider ScanSafe.
Under the terms of the agreement, Cisco will pay approximately $183 million in cash and retention-based incentives. The acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's fiscal year 2010.
Cisco announced its intent to acquire the privately held company that will allow it to build on the previous acquisition of on-premise content security provider IronPort. The move will see the Cisco IronPort high-performance web security appliance and ScanSafe's SaaS web security service brought together.
ScanSafe's service will be integrated with the Cisco AnyConnect VPN Client, to provide a secure mobility solution. In addition, ScanSafe's global network of carrier-grade data centres and multi-tenant architecture will further enhance Cisco's ability to provide new cloud security services for customers anywhere in the world.
The move will see Cisco's security portfolio expanded to offer on-premise, hosted and hybrid-hosted web security solutions.
ScanSafe CEO Eldar Tuvey, said: “ScanSafe pioneered the market for SaaS web security and continues as a leader in this rapidly growing market.
“At a time when enterprises are increasingly focused on a flexible and mobile workplace, the need for hybrid-hosted web security solutions is greater than ever. By joining the Cisco team we will be able to offer even better and more flexible protection to our customers.”
Upon the close of the acquisition, the ScanSafe team will become part of Cisco's security technology business unit, reporting to its vice president and general manager Tom Gillis.
Gillis said: “With the acquisition of ScanSafe, Cisco is executing on our vision to build a borderless network security architecture that combines network and cloud-based services for advanced security enforcement.
“Cisco will provide customers the flexibility to choose the deployment model that best suits their organisation and deliver anytime, anywhere protection against web-based threats.”