Cisco to Acquire SaaS Security Firm ScanSafe

ScanSafe offers a software-as-a-service (SaaS) model where applications are licensed to companies for on-demand use.


How to Help Your Business Become an AI Early Adopter


Posted October 27, 2009

- Reuters

NEW YORK (Reuters) - Cisco Systems said on Tuesday that it would buy privately held security software company ScanSafe for about $183 million to expand in a fast-growing segment of the Web-based security market.

Cisco said the deal, whose price tag includes cash and retention-based incentives, would close, subject to various conditions, in the second quarter of its 2010 fiscal year.

ScanSafe provides a wide range of companies, including small businesses and global enterprises, with software-as-a-service (SaaS), a model of software deployment where applications are licensed to customers for use as a service on demand. SaaS software vendors may host the application on their own Web servers or download the application to the consumer device.

Copyright 2009 Reuters. Click for restrictions.

Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.