It was perfect timing: Back in 2004, ScanSafe was founded to provide Web security using the SaaS model (that is, using the Net as the platform to deliver the technology). Since then, the company has grown at a rapid clip.In fact, today Cisco (NASDAQ: CSCO) agreed to buy ScanSafe for a $183 million.
Of course, ScanSafe did more than just use SaaS. Rather, the company realized that -- in order to deal with the increasing security threats -- it needed to provide a solution that was cost-effective, required little maintenance and would be nimble. As a result, ScanSafe was able to prevent things like: clicking on malicious sites from search engine results; providing real-time monitoring of networks; and finding ways to combat zero-day threats.
Currently, ScanSafe has thousands of customers, which include biggies like Google (NASDAQ: GOOG).
As for Cisco, it will now be the leader in SaaS security solutions. Actually, the company plans to integrate ScanSafe in its AnyConnect VPN service, which allows for security for mobile devices. Obviously, this is a huge market opportunity, which is expected to reach $2.3 billion by 2012. Yes, this is always something that gets the attention of Cisco.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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