Tuesday, December 21, 2004

Cisco to buy Protego Networks for about $65 million in cash

SAN JOSE, Calif. (Dow Jones/AP) -- Cisco Systems Inc. said it will buy privately held Protego Networks Inc. for about $65 million in cash.

Protego, based in Sunnyvale, Calif., provides security monitoring and threat management products.
Computer networking giant Cisco on Monday said the ability of Protego's products to detect, correlate and mitigate threats extends Cisco's Self-Defending Network initiative.
The Self-Defending Network initiative attempts to build security capabilities directly into a computer network.
The acquisition, which is subject to various standard closing conditions, is expected to close in the quarter ending Jan. 29.
Protego and Cisco have worked together to sell security products.
Protego, which has 38 employees, will be integrated into Cisco's Security Technology Group.
Shares of San Jose-based Cisco closed Monday at $19.05, up 6 cents, on the Nasdaq Stock Market.

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