Friday, June 18, 2021

Cisco to Acquire SaaS Security Firm ScanSafe


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.

Similar articles

Latest Articles

Best Data Science Tools...

Data science has transformed our world. The ability to extract insights from enormous sets of structured and unstructured data has revolutionized numerous fields —...

The Data Backup and...

The data recovery market used to be built squarely around natural disasters and power cuts that shut off access to enterprise IT systems, prevented...

Cisco Steps Up Webex

I would have argued two years ago that Cisco’s Webex was behind its competitors. Today, however, the pandemic has made this product strategic again,...

GDPR Compliance & Requirements...

The General Data Protection Regulation (GDPR) has positioned itself as one of the strictest laws for the privacy of consumer data, and it's still...