Cisco Systems agreed to acquire privately-held Protego Networks, a provider of security monitoring and threat management appliances for enterprise and small-to-medium business networks. Cisco will pay approximately $65 million in cash for Protego. The acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's fiscal year 2005, which ends on 29-January-2005.
Protego's scalable appliances combine traditional security event monitoring with network intelligence, context correlation, vector analysis, anomaly detection, hotspot identification and automated mitigation capabilities. The products help identify and eliminate network attacks while maintaining network compliance.
Cisco said Protego's products would extend its Self-Defending Network initiative. Protego is currently a member of Cisco's AVVID partner program and the companies have been successfully working together to sell security products to customers. The Protego team will be integrated into Cisco's Security Technology Group. http://www.cisco.com
- Protego Networks was founded in 2002 and has 38 employees. The company is based in Sunnyvale, California.
