Cisco has agreed to acquire cloud security software provider Cloudlock in a deal that will allow backers including Salesforce Ventures to exit.
Salesforce Ventures, the corporate venturing unit of cloud computing firm Salesforce.com, is set to exit US-based cloud security provider CloudLock after networking equipment manufacturer Cisco agreed yesterday to buy it for $293m.
Founded in 2007 as Aprigo, CloudLock has developed cybersecurity technology aimed at the cloud. Its software tracks user behaviour and sensitive data stored online, helping businesses comply with regulations and ensuring their files and applications are secure.
The deal will consist of cash and assumed equity awards in…
