Add-on Acquisition • Information Technology

Cisco Systems Acquires Lancope

On December 22, 2015, Cisco Systems acquired information technology company Lancope from Council Capital and H.I.G. Private Equity for 453M USD

Acquisition Context
  • This is Cisco Systems’ 39th transaction in the Information Technology sector.
  • This is Cisco Systems’ 30th largest (disclosed) transaction.
  • This is Cisco Systems’ 161st transaction in the United States.
  • This is Cisco Systems’ 3rd transaction in Georgia.

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M&A Deal Summary

Date December 22, 2015
Target Lancope
Sector Information Technology
Buyer(s) Cisco Systems
Sellers(s) Council Capital
H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 453M USD

Target Company

Lancope

Alpharetta, Georgia, United States
Lancope, Inc. is a provider of next-generation network integrity solutions that deliver behavior-based threat detection, policy enforcement and insightful network intelligence.
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Buyer Overview 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees90,400
Revenue 53.8B USD (2024)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


Deal Context for Buyer #
Overall 189 of 223
Sector: Information Technology 39 of 45
Type: Add-on Acquisition 182 of 215
State: Georgia 3 of 3
Country: United States 161 of 189
Year: 2015 12 of 12
Size (of disclosed) 30 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-20 Acano

Uxbridge, United Kingdom

Acano Limited provides collaboration infrastructure and conferencing software. Acano’s hardware and software includes gateways, and video and audio bridging technology that allows customers to connect video systems from multiple vendors across both cloud and hybrid environments.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Jasper Technologies

Santa Clara, California, United States

Jasper is an IoT service platform and many of the world’s largest enterprises and service providers are using the Jasper platform to scale their IoT services business globally. With Jasper, companies can connect any device – from cars to jet engines to implanted pacemakers – over the cellular networks of the top global service providers, and then manage connectivity of IoT services through Jasper’s Software as a Service (SaaS) platform.

Buy $1.4B

Seller Profiles 2

SELLER

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $15 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


Deal Context for Seller #
Overall 8 of 14
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 3 of 7
State: Georgia 3 of 4
Country: United States 8 of 14
Year: 2015 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 Adva-Net

Sarasota, Florida, United States

Adva Holdings LLC is a workers’ compensation network management company. Specifically, Adva-Net actively manages the cost and quality of pain treatments and post-acute care for workers’ compensation patients for payers including insurance companies, intermediaries and self-insured employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 NuScriptRX

Nashville, Tennessee, United States

NuScriptRX is a pharmacy that serves the pharmaceutical needs of long-term care facilities and their residents. NuScriptRX is based in Nashville, Tennessee.

Sell -
SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Seller #
Overall 70 of 181
Sector: Information Technology 3 of 15
Type: Add-on Acquisition 30 of 72
State: Georgia 8 of 13
Country: United States 58 of 124
Year: 2015 11 of 11
Size (of disclosed) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Exterior Plus

San Sebastian, Spain

Exterior Plus is an out-of-home advertising platform. Present throughout Spain, the Company reaches over 10 million people daily, and it constitutes an independent outdoor advertising player in the country. Exterior Plus is based in San Sebastian, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Soleo Health

Frisco, Texas, United States

Soleo Health is a national provider of complex specialty pharmacy and infusion services, administered in the home or at alternate sites of care. Soleo Health’s interdisciplinary team, comprised of experienced clinical pharmacists and registered nurses, utilizes a consistent patient management process, which leads to quantifiable clinical and economic value while improving patients’ experience. Soleo Health was founded in 2014 and is based in Frisco, Texas.

Buy -