Write For Us

Cisco to pay $2.35B for data security firm Duo


Cisco said Thursday it will buy Michigan-based Duo Security for $2.35 billion. File Photo by Monica M. Davey/EPA

By Sommer Brokaw, UPI

Tech conglomerate Cisco said Thursday it will buy cyber-security firm Duo Security for more than $2.3 billion.

Michigan-based Duo Security helps companies fend off data breaches through a platform that verifies the identities of users and health of their devices before granting access.

[post_ads]Cisco's acquisition of Duo Security will allow for extended on-premises network access, simplify cloud security and expand visibility coverage beyond over 180 million managed devices, the company said in a statement.

"IT teams are responsible for protecting hundreds of different perimeters that span anywhere a user makes an access decision," Cisco executive vice president David Goeckeler said. "Duo's zero-trust authentication and access products integrated with our network, device and cloud security platforms will enable our customers to address the complexity and challenges that stem from multi-and hybrid-cloud environments."

The deal is expected to close during the first quarter of fiscal 2019.

Thursday's was Cisco's largest acquisition since a $3.7 billion deal for application management company AppDynamics last year.

"We continue to rapidly innovate in security to address key areas of concern for our customers such as security in their complex data centers," Cisco CEO Chuck Robbins said in May.


Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...


Alabama,1,Arizona,1,Barack,1,California,3,Colorado,1,Connecticut,1,Crime,531,Florida,1,Franc,1,Hawaii,8,Illinois,1,Los Angeles,2,Massachusetts,3,Mississippi,1,New York,130,U.S.,1558,Washington,4,
U.S. - U.S. Daily News: Cisco to pay $2.35B for data security firm Duo
Cisco to pay $2.35B for data security firm Duo
U.S. - U.S. Daily News
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy