Back in July, tech giant Cisco (CSCO) bought cybersecurity firm Sourcefire for $2.7 billion. This acquisition adds to the long list of CSCO services and products that protect digital businesses — including threat protection from hacking, secure access to proprietary information and compliance services to meet regulatory standards such as the Health Insurance Portability and Protection Act.
According to the company, Cisco is the industry leader with more than $2 billion in enterprise security revenue each year, as well as the No. 1 market share for cloud security, secure router hardware and integrated security.
There are obvious problems with broader enterprise spending, for security and otherwise, in 2013 and that had led to significant underperformance for CSCO this year. However, the long-term cybersecurity trend seems to benefit this big player most.