Cisco Set to Bolster Security Service with Neohapsis Acquisition
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Cisco announced its intention to acquire Neohapsis this week, in a deal that is set to close in the second quarter of Cisco's fiscal 2015 year. Financial terms of the deal are not being publicly disclosed.
Neohapsis offers a variety of services, including application, cloud, compliance, mobile and network security services as well as IT risk and security strategy development. When the deal closes, the Neophasis organization will be integrated into the Cisco Security Services group, which is run by Bryan Palma, SVP and GM. Palma was brought into Cisco in September of 2012 to lead the Security Services practice. Among the services the group offers is a Managed Threat Defence Service.