Today, I am pleased to announce Cisco's intent to acquire Cognitive Security, a privately-held company headquartered in Prague, Czech Republic. Cognitive Security is focused on taking cutting edge research in the field of network security and applying artificial intelligence techniques to detect advanced cyber threats. Cognitive Security's solution integrates a range of sophisticated software technologies to identify and analyze key IT security threats through advanced behavioral analysis of real-time data.

Mobility and cloud are drastically changing the IT security landscape, where traditional security approaches aren't enough to protect customers against an evolving threat landscape. Today's threats are more targeted, complex, and disruptive than ever before. Cognitive Security's technology identifies and detects security anomalies, and when coupled with the network for mitigation, allows Cisco to uniquely address our customers' security requirements.

Cisco's security vision is to provide always on, integrated security to empower customers to realize the benefits of a mobile, cloud-enabled business. Cisco's cloud-based global threat intelligence and Cognitive Security's real-time behavioral analytics, will integrate to a common policy engine that controls distributed network enforcement in an intelligent network and mitigates advanced cyber threats.

Cognitive Security has a long-standing collaboration with the Czech Technical University (CTU), benefitting from CTU's scientific contribution to the field of network security through a joint research program. Cisco and Cognitive Security plan to continue to expand on this relationship going forward.

Cognitive Security's employees will join Cisco's Security Technology Group under the leadership of Senior Vice President Chris Young. The acquisition of Cognitive Security is expected to close in the third quarter of Cisco's fiscal year 2013, subject to customary closing conditions.