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Cisco Buys Cyber Security Firm Lancope for $453 Million


Cisco Systems (CSCO - Get Report) moved Tuesday to boost its network security operation, announcing plans to acquire Lancope in a deal valued at $452.5 million.

Alpharetta, Ga.-based Lancope provides network analytics and related tools designed to help protect companies from cyber security threats. The company's software helps companies sniff out suspicious traffic patterns and quickly respond to an attack.

The deal includes a cash payment by San Jose, Calif.-based Cisco for Lancope, with the buyer also committing to additional retention-based incentives for Lancope employees who join Cisco. The deal is expected to close during Cisco's fiscal second quarter, subject to regulatory review.

Cisco, of San Jose, Calif., said Lancope...