H.I.G. Growth closes Lancope sale

H.I.G. Growth Partners, the growth capital arm of H.I.G. Capital, said it closed the sale of Lancope Inc. to Cisco Systems Inc. Lancope is a cyber security company. Terms of the deal call for Cisco to pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. H.I.G. was Lancope's largest shareholder at the time of the sale.

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