By Will Sturgeon, 24 January 2003 16:54
NEWS Cisco has bought Okena Inc, a provider of network security software, for $154m in stock. Okena, based in Massachusetts, is privately held and specialises in software that identifies and prevents malicious behaviour before it harms desktop computers and servers. Cisco is known as one of the most acquisitive companies in high-tech but its rate of buying smaller entities has slowed dramatically over the past two years. The networking giant said its latest buy will position its portfolio as the most comprehensive for protecting large corporate networks. Okena was founded in 1999 and employs 52 staff, who will join the Cisco Virtual Private Network and Security business unit. The deal has been approved by both boards and is expected to close in Cisco's third quarter.
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