Tech Company M&A Transactions
CloudLock Acquisition
CloudLock was acquired by Cisco. The transaction was announced on 6/28/2016. The companies indicated that total deal value was $293 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/28/2016
Transaction Type
M&A
Amount
$293,000,000
M&A Terms
The acquisition will further enhance Cisco's security portfolio and build on Cisco's Security Everywhere strategy, designed to provide protection from the cloud to the network to the endpoint. Cisco will pay $293 million in cash and assumed equity awards, plus additional retention-based incentives for CloudLock employees who join Cisco.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
203 Crescent Street 105
Waltham, MA 02453
USA
Waltham, MA 02453
USA
Phone
Website
Email Address
Overview
The leading CASB and Cybersecurity-as-a-Service provider, protecting enterprises from compromised accounts, cloud malware, and data breaches in the cloud.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gil Zimmermann
Chief Financial Officer
Rachael McCarthy
Chief Technical Officer
Ron Zalkind
VP - Engineering
Dan Lines
VP - Marketing
Bernd Leger
VP - Sales
Tsahy Shapsa
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