- Cisco (NASDAQ: CSCO) announced its intent to acquire privately held ScanSafe, Inc. Based in London and San Francisco, ScanSafe is a market leader of software-as-a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses.
Under the terms of the agreement, Cisco will pay approximately $183 million in cash and retention-based incentives.
The acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's fiscal year 2010.
today reported thatNotable Mergers and Acquisitions of the Day: CSCO, BWY/BLL, RODM...StreetInsider.com News Articles Tue, 10/27/2009 - 08:38
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