There's no question that cybersecurity is top-of-mind for Fortune 500 companies. This, compounded by a significant global security talent shortage, contributes to the burgeoning need for security companies to deliver both a comprehensive technology portfolio and a strong security consultancy service practice.

With this as the backdrop, Cisco is pleased to announce its intent to acquire Portcullis Computer Security, Ltd., a privately held UK-based consultancy that provides cybersecurity services to enterprise clients and the government sector. Portcullis' range of security consulting services includes assessments to identify vulnerabilities, forensic testing, first responder training to prepare for attacks, policy review and creation, security awareness training, and overall security posture audits. Together, Cisco and Portcullis will provide strategic guidance to our clients to help them with their most difficult security challenges.

Through this acquisition, we increase our ability to offer robust security, risk and compliance services to help clients overcome operational and technical security challenges, anticipate and respond to new threats, and drive new business.

The acquisition of Portcullis also complements the talent and skills Cisco gained through the Neohapsis acquisition earlier this year. Portcullis has a long history of providing security consulting services in Europe, with an extensive customer network, and a respected reputation for penetration testing of web applications and infrastructure. When paired with Cisco's existing security services portfolio, Portcullis will help accelerate Cisco's security services business and more quickly expand its security consulting services outside of North America.

The Portcullis team will join the Cisco Security Solutions organization under the leadership of Vice President James Mobley. The acquisition is expected to be complete in the second quarter of fiscal year 2016.