March 12, 2004 (1:46 p.m. EST)
TechWeb News

Cisco Systems Inc. on Friday said it has agreed to acquire privately held Twingo Systems, which sells desktop security software for virtual private networks.
Under the deal, Cisco will pay about $5 million in cash for the Mountain View, Calif., company. The acquisition is scheduled to close in the third quarter, with Twingo becoming part of Cisco's VPN and Security Business Unit.

Twingo's desktop product is for Secure Socket Layer VPNs. SSL is the leading security protocol on the Internet. Cisco plans to incorporate the technology in its WebVPN product line, beginning with the Cisco VPN 3000 Concentrator series


Read More @ TechWeb