Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking, in its acquisition of Lancope, Inc., a privately held network security company. Under the terms of the agreement, Cisco will pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. The acquisition is expected to close in the second quarter of fiscal year 2016, subject to customary closing conditions including regulatory review. More information is available through the announcement on Cisco’s website.
The Fenwick transaction team included corporate attorneys Doug Cogen, Ken Myers, Bomi Lee and Tim Lee; executive compensation and employee benefits attorneys Gerald Audant, Grace Chen and Tahir Golden; intellectual property attorneys Stephen Gillespie, Christopher Joslyn, Joseph Schenck, Jonathan Millard, Gregory Hopewell and Mark Jansen; antitrust attorney Mark Ostrau and tax attorneys Andrew Kim and Ora Grinberg.