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Cisco Announces Definitive Agreement to Acquire Securent
Cisco to Add Standards-Based Policy Management to Network Services
| Source: Cisco Systems, Inc.
SAN JOSE, CA--(Marketwire - November 1, 2007) - Cisco® (NASDAQ : CSCO ) today announced an
agreement to acquire Securent, Inc., a leading provider of policy
management software for enterprises. Securent's scalable, distributed
policy platform allows enterprises to administer, enforce, and audit access
to data, communications, and applications in heterogeneous IT application
environments. Securent is privately held and based in Mountain View, Calif.
Securent's software will enable Cisco customers to protect and secure
valuable application data regardless of vendor, platform, or operating
system while still allowing ubiquitous access to the content workers and
their collaborative communities need to be productive. By delivering policy
from the network, Cisco will simplify entitlement decisions for all
communications, collaboration and other third party applications.
"As enterprises shift to service-oriented architectures and adopt
technologies such as Unified Communications and Web 2.0 based
collaboration, there is a rising need for control over access to
distributed enterprise resources," said Don Proctor, senior vice president,
Cisco's Collaboration Software Group. "Securent's software offers
enterprises a single point of control to define and manage entitlements
across applications and data. This capability is well aligned with Cisco's
Service-Oriented Network Architecture (SONA), enabling policy decisions to
be delivered as a network service across multiple applications, platforms,
and delivery models."
Securent has 57 employees and is headquartered in Mountain View, CA with
development operations in Hyderabad, India. Under the terms of the
agreement, Cisco will pay approximately $100 million in cash and assumed
options. The acquisition is subject to various standard closing conditions
and is expected to close in the second quarter of Cisco's fiscal year 2008.
Upon close of the transaction, the Securent team and technology will move
into Cisco's Collaboration Software Group, led by Don Proctor, Senior Vice
President.
This will be acquisition No. 125 for Cisco.
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