Cisco pays $65m for Protego

Cisco yesterday announced a deal to acquire security start-up Protego Networks for approximately $65m in cash.

Protego's line of security monitoring and threat management appliances will be used to bolster Cisco's security portfolio. Cisco said the "ability of Protego's products to detect, correlate and mitigate threats in the network extends Cisco's Self-Defending Network initiative".

Very good exit for A investors, Miramar VP, Global Alliance, AsiaTech and individuals. ~$6.2M into the round so with preferences and all mixed in this is likely a ~10 bagger for investors.

This is Cisco's 11th acquisition this year.