Cisco To Buy OpenDNS Cloud Security Firm for $635M
June 30, 2015
Grazed from TopTechNews. Author: Shirley Siluk.
With security threats growing across a wider range of devices, Cisco is aiming to boost its emphasis on "security everywhere" through its acquisition of the San Francisco-based firm OpenDNS. Valued at $635 million, the deal is expected to close in the first quarter of the 2016 fiscal year.
Founded in 2006, OpenDNS launched its line of cloud-based Umbrella security products in 2012. Combined with the company’s predictive threat intelligence platform, Security Graph, those products are aimed at providing "anywhere, anytime" security for the growing Internet of Things…
OpenDNS’s offerings will fit into Cisco’s current focus on services for enterprises dealing with ever-larger numbers of devices on their networks. With an estimated 50 million devices predicted to be connected to one another by 2020, the risks for security breaches and other attacks will only keep growing, the company said…
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