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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…

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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.