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TMCNet: Cisco Systems closes ScanSafe buy

[December 07, 2009]

Cisco Systems closes ScanSafe buy

(M&A Navigator Via Acquire Media NewsEdge) US networking specialist Cisco Systems (NASDAQ:CSCO) announced on Monday it has closed the acquisition of ScanSafe, a top software-as-a-service (SaaS) web security solutions provider based in London and San Francisco.


The deal enables Cisco to offer better protection from threats as well as new cloud-security services for customers around the world.

Under the terms of the deal, the ScanSafe team becomes part of Cisco's Security Technology Business Unit, or STBU.

No financial terms were disclosed.

Country: UK; US Sector: Computer software Target: ScanSafe Inc Buyer: Cisco Systems Inc Type: Corporate acquisition Status: Closed ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2009 M2 COMMUNICATIONS

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