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December 10, 2014

Cisco makes another grab at the security market

The networking firm agrees to buy Neohapsis.

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Cisco is looking to boost its presence in the security space after agreeing to acquire mobile security firm Neohapsis.

The deal is expected to close in the second quarter of fiscal year 2015 for an undisclosed amount.

The networking firm, which recently accused rival Arista Networks of copying its networking technologies, plans to extend Neohapsis’s security capabilities to help its customers address security threats, particularly in the Internet of Things (IoT) market.

Hilton Romanski, Cisco’s head of corporate development, in a blog post, said: "Together, Cisco, Neohapsis and our partner ecosystem will deliver comprehensive services to help our customers build the security capabilities required to remain secure and competitive in today’s markets."

"This will help our customers overcome operational and technical security vulnerabilities, achieve a comprehensive view of their risks, take advantage of new business models, and define structured approaches for better protection."

The Neohapsis team is expected to join Cisco’s Security Services division led by SVP and general manager Bryan Palma.

Neohapsis’s CEO James Mobley, in a blog post, added: "Because of Neohapsis’ and Cisco’s shared focus on the Internet of Everything, the opportunity to do groundbreaking work together is enormous.

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"Together, what we bring to enterprise customers, IoT device manufacturers, and associated service providers will be unique in the market."

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