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Cisco Announces Agreement to Acquire Sourcefire

posted onJuly 23, 2013
by l33tdawg

Cisco (NASDAQ: CSCO) and Sourcefire (NASDAQ: FIRE) today announced a definitive agreement for Cisco to acquire Sourcefire, a leader in intelligent cybersecurity solutions. Cisco and Sourcefire will combine their world-class products, technologies and research teams to provide continuous and pervasive advanced threat protection across the entire attack continuum -- before, during and after an attack -- and from any device to any cloud.

Cisco acquires Cognitive Security

posted onJanuary 30, 2013
by l33tdawg

Another day, another Cisco acquisition. The networking giant said today in a blog post that it intends to acquire Cognitive Security, a small privately-owned security firm based in Prague, Czech Republic. The company focuses on network security research and applying artificial intelligence techniques in order to detect advanced cyber-threats.

In comments, Cisco head of corporate business development Hilton Romanski, who heads up the company's mergers and acquisitions, said:

Cisco To Cut 1,300 Jobs In Realignment

posted onJuly 24, 2012
by l33tdawg

US computer network giant Cisco Systems said Monday it was cutting 1,300 jobs, or two percent of its global workforce, in response to an uncertain economic outlook.

The California tech firm, seen as a bellwether for the industry, said it was carrying out "a focused set of limited restructurings" that include the job cuts.

Cisco changes privacy policy for Linksys routers after uproar

posted onJuly 2, 2012
by l33tdawg

Cisco Systems said a privacy policy for the Cisco Connect Cloud service that alarmed some customers was a mistake and has been removed.

The cloud service, which among other things allows users of some Wi-Fi home routers to manage their devices from away from home, went live last week and was included in an automatic firmware update to those routers. That brought a flood of complaints to online forums about both the firmware update and the privacy document, which said Cisco might track and share information about customers' Internet use and other data.