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Monday, June 27, 2005

Cisco Buys Security Vendor NetSift For $30 Million

Snapping up another small security vendor, Cisco Systems said it plans to acquire NetSift for $30 million in cash and options.

San Diego-based NetSift, a privately held, 15-employee company founded in June 2004, would add technology for deep packet processing.

On its Web site, venture capital firm Enterprise Partners Venture Capital lists NetSift on its software portfolio and describes the company as a developer of systems to protect enterprises from large-scale worm and virus attacks.

Cisco said the deal is slated to close in its fiscal fourth quarter ending July 30.;jsessionid=C1DOYN21IMR3AQSNDBNCKH0CJUMEKJVN?articleID=164902960

Posted on 06/27