Cisco spends $1m a worker for VPN firm
by Nikola Strahija on June 17th, 2005 Cisco announced a deal on Tuesday to buy VPN firm M. I. Secure for $13m cash.
The deal sounds poor for Cisco, because they are buying a 11 person start-up. So, it’s about either super clever technology or smart negotiators. M. I. Secure has only been operating for eight months and has already sold itself at over $1m per worker.
-M.I. Secure has no products or revenue, a Cisco spokeswoman told Reuters. However, what the firm does have is workers with an average of 15 years experience in the industry, an extremely valuable asset.
M. I. Secure is focused on the development of "advanced features and functionality for security and VPN solutions", according to Cisco. It added the "purchase brings unique security technology expertise and a team of proven security architects".
M. I. Secure is now part of Cisco's Security Technology Group (STG) where their expertise will be used to develop Cisco's existing line of Virtual Private Network products, a means of provision remote access to corporate systems for remote workers.
Cisco was formerly known as a risky investor, many little networking firms dreamt of becoming their property. Much of that risk had proven to be a success, the company grown significantly in the 90’. Although the crash of .com industry stopped Cisco’s spending, many predict it is going to start all over again.
