Cisco has smartly acquired ScanSafe, maker of software-as-a-service Internet security tools, which means it can now tighten the integration between its own networking gear and ScanSafe’s defenses against malware and other attacks.
The $183M price for the company, founded in 2004, fits nicely into our Revenge of the South Bay theme even though ScanSafe’s offices are a block from VentureBeat in downtown San Francisco. Companies that make boring-but-utilitarian IT back end hardware and software are being acquired for prices well above those that most social network startups will fetch. The uncool kids are making money again.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.