Cisco Acquires CloudLock for $293,000,000

  • Feed Type
  • Date
    6/28/2016
  • Company Name
    CloudLock
  • Mailing Address
    203 Crescent Street Waltham, MA 02453 USA
  • Company Description
    The leading CASB and Cybersecurity-as-a-Service provider, protecting enterprises from compromised accounts, cloud malware, and data breaches in the cloud.
  • Website
    http://www.cloudlock.com
  • Transaction Type
    M&A
  • Transaction Amount
    $293,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition will further enhance Cisco’s security portfolio and build on Cisco’s Security Everywhere strategy, designed to provide protection from the cloud to the network to the endpoint. Cisco will pay $293 million in cash and assumed equity awards, plus additional retention-based incentives for CloudLock employees who join Cisco.

Trending on Xconomy