San Jose, Calif.—Cisco Systems announced it has agreed to acquire IronPort Systems, a San Bruno, Calif.-based anti-spam and spyware protection services company, for $830.0 million in cash and stock.
Cisco said the acquisition is a natural extension of its existing security products, which include threat mitigation, confidential communications, policy control and management solutions.
The acquisition is expected to be completed in the third quarter of Cisco’s 2007 fiscal year, which ends in July. IronPort will become a business unit in Cisco’s Security Technology Group. IronPort CEO Scott Weiss will become VP-general manager at the IronPort Business Unit.