ScanSafe, Too, Got An Offer It Couldn't Refuse
Cisco is buying the Web security company for $183 million in cash and retention incentives, which means all 150 employees will be moving to Cisco, said ScanSafe co-founder Roy Tuvey. He said ScanSafe had several offers from large technology companies, but probably wouldn't have acted on any of them had Cisco not come along. ScanSafe was looking for acquisitions itself -- the company hadn't spent any of the $10 million Series C round it raised late last year as a hedge against the downturn and as a "war chest" to buy companies. "We picked Cisco purely because it was Cisco," Tuvey said. "It was Cisco that made us do this."
27 October 2009•2 mins read
