Cisco to acquire Network Security Company OpenDNS come 201612th Jul 2015 | category: Network Security | Hits: 4147
On 30th/June/2015 Cisco the network systems manufacturing giant announced its intent to acquire a network security OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime.
Cisco said this acquisation will boost their Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.
OpenDNS' cloud platform offers security delivered in a Software-as-a- Service (SaaS) model, making it quick and easy for customers to deploy and integrate as part of their defense architecture or incident response strategies.
The combination of Cisco and OpenDNS will enhance advanced threat protection across the full attack continuum—before, during and after an attack using comprehensive threat awareness and pervasive visibility technique.
The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay $635 million in cash and assumed equity awards, plus retention based incentives for OpenDNS. The acquisition is expected to close in the first quarter of fiscal year 2016.
"As more people, processes, data and things become connected, opportunities for security breaches and malicious threats grow exponentially when away from secure enterprise networks," said Hilton Romanski, Cisco chief technology and strategy officer. "OpenDNS has a strong team with deep security expertise and key technology that complements Cisco's security vision. Together, we will help customers protect their extended network wherever the user is and regardless of the device."