Cisco to buy security software maker
Cisco Systems Inc. plans to make its intrusion detection technology more efficient with the addition of software from privately held Psionic Software Inc., which the networking giant said Tuesday it has agreed to acquire for as much as $12 million in stock.
Psionic makes software that can weed out as much as 95 percent of the false alarms raised by IDSes (intrusion detection systems), allowing engineers to focus their efforts on real attacks, according to a Cisco statement.
Cisco's IDSes, available in dedicated systems as well as sensors in switches, routers and firewalls, are designed to detect and combat attacks such as malicious Internet worms and DoS (denial of service) attacks.
Cisco, in San Jose, California, will exchange its own stock for all the shares of Psionic, which was founded in 2000 and is based in Austin, Texas. Psionic's eight employees will join the Cisco VPN (virtual private network) and Security Services business unit. Cisco expects the acquisition to close by the end of the year.
IDG News Service
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