Cisco Announces Acquisition of Waltham Cybersecurity Firm

Waltham, MA – Cisco announced Tuesday its intent to acquire CloudLock, a private cloud security company based in Waltham.

According to a press release on Cisco's website, the CloudLock team will join the Cisco Networking and Security Business Group; the company will pay $293 million in cash and assumed equity awards, as well as additional retention-based incentives for CloudLock employees.

"As companies are migrating to the cloud, they need a technology partner that can accelerate that transition and deliver critical security capabilities for all their users, apps and data in a seamless way," Rob Salvagno, vice president of Cisco Corporate Development, said in the release. "CloudLock brings a unique cloud-native, platform and API-based approach to cloud security which allows them to build powerful security solutions that are easy to deploy and simple to manage."

The purchase will help extent Cisco's cloud security presence and greater protect against cyber threats. It is expected to close in the first quarter of fiscal year 2017.

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