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John Chambers recently said he gave Chris Young, the SVP in charge of Cisco's (CSCO) security...

John Chambers recently said he gave Chris Young, the SVP in charge of Cisco's (CSCO) security ops, a "blank check" to hire and acquire as necessary over the next 2-3 years. Moreover, sources tell Reuters Cisco has been actively looking for security acquisitions. Chambers' motivation: while Cisco's security ops post modest growth, upstarts such as PANW, FTNT, and FIRE are growing much faster thanks to their focus on segments such as next-gen firewalls, UTM hardware, and IPS systems, products that offer deeper analysis of content/apps than traditional firewalls.
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  • doc47
    , contributor
    Comments (1085) | Send Message
     
    Really hoping this "blank check" doesn't "bounce" back on the shareholders.
    14 Jan 2013, 02:43 PM Reply Like
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