UPDATE 1-Cisco to buy OpenDNS for $635 mln to boost security business

30 Jun 2015 | Author: | No comments yet »

Cisco Is Buying OpenDNS.

Cisco said that the “acquisition will extend our ability to provide customers enhanced visibility and threat protection for unmonitored and potentially unsecure entry points into the network, and to quickly and efficiently deploy and integrate these capabilities as part of their defense architecture.” David Ulevitch, Founder and CEO of OpenDNS, reassured customers that the service will continue to work as it does today and that Cisco agrees the current “level of service for all users is a priority.”

The $635 million will be paid in cash and assumed equity awards, plus retention based incentives for OpenDNS, according to information supplied by Cisco. This acquisition builds on Cisco’s security strategy, adding broad visibility and predictive threat intelligence from OpenDNS’ cloud platform, accessed by more than 65 million users daily. OpenDNS gives Cisco, a network vendor that offers more traditional network edge protection, a Software as a Service vendor that provides security on the move to any device, anywhere, anytime. To build on Cisco’s advanced threat protection capabilities, we plan to continue to innovate a cloud delivered Security platform integrating OpenDNS’ key capabilities to accelerate that work.

It works by simply blocking bad traffic and allowing good traffic to flow, thereby acting as a protective layer between the user and the Internet, Ulevitch explained at the time. As more people, processes, data and things become connected, opportunities for security breaches and malicious threats grow exponentially when away from secure enterprise networks.

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