Cisco Systems Inc. today announced a definitive agreement to acquire privately held Twingo Systems for $5 million in cash.

Cisco's move to buy the provider of desktop security solutions for Secure Socket Layer (SSL) Virtual Private Networks (VPN) is in-line with the company's "Self Defending Network" strategy, which aims to improve a network's ability to identify, prevent and respond to a range of security threats.

"Solving endpoint security issues and improving consistency of features and functionality regardless of location or end-system administrative permissions is key to the overall success of SSL VPN as a remote access technology," Richard Palmer, VP and general manager of Cisco's VPN and security business unit, in a statement. "Cisco's acquisition of Twingo Systems further emphasizes our commitment to endpoint security and complements our on-going development efforts in network admission control and the Cisco Security Agent for assessing desktop security posture and delivering endpoint threat prevention."

Upon close of the acquisition, Cisco plans to incorporate Twingo's Virtual Secure Desktop into its existing WebVPN solution, beginning with the Cisco VPN 3000 Concentrator series.

The acquisition is expected to close in Q3 of Cisco's fiscal 2004. Following completion, Twingo will become part of Cisco's VPN and security business unit, and its products will be sold as part of the Cisco VPN 3000 Concentrator series under the Cisco brand through Cisco sales channels.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved