NEW YORK (Reuters) - Cisco Systems said on Tuesday that it would buy privately held security software company ScanSafe for about $183 million to expand in a fast-growing segment of the Web-based security market.
Cisco said the deal, whose price tag includes cash and retention-based incentives, would close, subject to various conditions, in the second quarter of its 2010 fiscal year.
ScanSafe provides a wide range of companies, including small businesses and global enterprises, with software-as-a-service (SaaS), a model of software deployment where applications are licensed to customers for use as a service on demand. SaaS software vendors may host the application on their own Web servers or download the application to the consumer device.
Copyright 2009 Reuters. Click for restrictions.
Comment and Contribute
Digg
del.icio.us
Newsvine
Facebook
Google
LinkedIn
MySpace
Reddit
Slashdot
StumbleUpon
Technorati
Twitter
Windows Live
YahooBuzz
FriendFeed
One of the ways around the issues of security and control that make some businesses wary of cloud computing is to build a private cloud -- one that remains within the corporate firewall and is wholly controlled internally. Private clouds also increase the agility of IT an organization's IT infrastructure and make it easier to roll out new technology projects. Download this eBook to get the facts behind the private cloud and learn how your organization can get started.
