Cisco Announces Intent to Acquire Springpath

Cisco Announces Intent to Acquire Springpath

Acquisition supports Cisco’s transition toward software-centric solutions

SAN JOSE, Calif. – August 21, 2017 – Cisco (NASDAQ:CSCO) announced today its intent to acquire Springpath, Inc., a Sunnyvale-based leader in hyperconvergence software. Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. The acquisition will allow Cisco to continue to deliver next-generation data center innovation to its customers. read more

Symantec to Buy Cyber Defence Firm for $2.3 Billion

Symantec to Buy Cyber Defence Firm for $2.3 Billion

  • Deal creates biggest ‘digital safety platform’
  • Aims to deliver comprehensive cyber defence for consumers

Symantec is investing in anti-cybercrime technology by agreeing to purchase LifeLock, an identity-theft-protection company. The deal is worth about $2.3 billion and will create the world’s largest ‘digital safety platform’. Lifelock provides identity theft protection for consumers as well as credit and risk assessments for businesses. It reportedly has 4.4 million customers and annual revenues of $660 million. Symantec said that the combination of Norton and LifeLock will deliver comprehensive cyber defence for consumers. read more