Networking company Cisco Systems Inc reported last week that it intends to acquire ScanSafe Inc, a provider of software-as-a-service (SaaS) web security solutions.

Cisco said that this move builds on its successful acquisition of on-premise content security provider IronPort and will expand the company's security portfolio to offer on-premise, hosted and hybrid-hosted web security solutions..

The deal is subject to closing conditions but is expected to be completed in the second quarter of Cisco's fiscal year 2010.