Cisco Expands Cloud Security Business With CloudLock Buy

Cisco will pay $293 million to acquire cloud security vendor CloudLock, Cisco said in a news release Tuesday. CloudLock sells cloud access security broker technology to enterprise customers, providing data and analytics about user activity and sensitive data. CloudLock employees will join Cisco’s networking and security business group, Cisco said. The deal is expected to close in Q1, subject to customary closing conditions, it said.