By Leena Rao
Cisco (NASDAQ:CSCO) has added another company to its coffers with the acquisition of ScanSafe for $183 million. A few weeks ago, Cisco announced a $2.9 billion acquisition of mobile networking infrastructure provider Starent Networks, which followed the $3 billion acquisition of video video-conferencing company Tandberg in late September.
ScanSafe provides software-as- a-service (SaaS) Web security solutions for large and small businesses. Tom Gillis, Ciscos’s VP and general manager of its security technology business unit, said in the release that the acquisition would help further Cisco’s vision “to build a borderless network security architecture that combines network and cloud-based services.” ScanSafe’s service will be integrated with Cisco’s AnyConnect VPN Client, a virtual private network (VPN) product to offer a cloud-security service.
The deal is expected to close in the second quarter of 2010. While Cisco has always implemented a strategy of acquisitions, the fact that it has opened up its purse strings three time in the past month is a good sign for tech M&A overall.