Comment on Instant Analysis: Cisco Systems Buys Cloud Security Startup for $293 Million

Instant Analysis: Cisco Systems Buys Cloud Security Startup for $293 Million

Image source: Getty Images.This week Cisco Systems (NASDAQ: CSCO) bought a leading cloud security start-up, CloudLock. Cisco said it's paying $293 million in cash and assumed equity awards, plus additional retention-based employee incentives.In just five short years, CloudLock has built out a massive enterprise cloud security presence of 700 customers, some of which are Fortune 500 companies. Continue reading

 

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