Cisco expects to close the transaction in the second quarter of the company’s 2015 fiscal year, Hilton Romanski, head of business development at Cisco, wrote in a blog post published Wednesday.
Neophasis will operate under Cisco’s security services business, led by Bryan Palma, once the deal completes.
Chicago-based Neophasis works with enterprise customers to help develop risk management and compliance strategies as well as secure their cloud and mobile applications.