Published October 27, 2015 8:12am EDT | Updated October 27, 2015 11:06am EDT

Cisco Announces Plans To Acquire Security Company For $452.5 Million

Cisco said Tuesday that it plans to acquire Lancope, Inc., a private network security company for $452.5 million in cash and assumed equity awards. Lancope employees will join Cisco, and Cisco will also pay retention based incentives for those employees. Lancope helps protect companies against cyber security threats by analyzing traffic patterns and using network behavior analytics, among other measures. The acquisition is expected to close in the second quarter of fiscal year 2016.