Cisco said Tuesday it will acquire startups CloudLock. The company helps enterprise customers monitor and control employee usage of cloud computing services.
The deal price was $ 293 million in cash and stock. Cisco agreed to join Cisco’s CloudLock employees extra incentive plan.
Cisco is the world’s largest network hardware vendors. The company will through the acquisition of information to assist in the development of security software and services. 2013, Cisco price of $ 2.7 billion acquisition of information security hardware and software vendor Sourcefire, and again in 2015 for $ 635 million acquisition of OpenDNS. The latter use of the Internet domain name server to intercept information security attacks.
CloudLock Massachusetts Waltham. Recently, the use of employees for Salesforce and Dropbox and other cloud computing services are becoming more frequent, and these services may save sensitive company information. CloudLock developed technology to track how employees use these services, and deploy security policies, such as restrictions on the transfer of staff and the way to get those files.
CloudLock has 130 employees, the future will become part of Cisco Information Security Group. The business is responsible for Cisco’s senior vice president David Ge Kele (David Goeckeler). He said that Cisco hopes to promote the independence of each section of information security products, and gradually build a framework to make it whole.
Ge Kele in an interview said: “The problem of information security that provide only a single aspect of the best products is not enough.”
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