Cisco to Acquire OpenDNS to Strengthen its Network Security Business
FREMONT, CA: Cisco Systems announced its intent to acquire OpenDNS a network security company, to boost its security business. The acquisition will boost Cisco's Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.
Security Everywhere effort is designed to bring security throughout the network, from the systems running in the data center through the campus networks and out to the cloud and endpoints in the users' hands. Through software-as-a-service (SaaS) approach, OpenDNS Security will offer Cisco, more traditional network edge protection that provides security on the move to any device, anywhere, anytime. The software is designed to deliver comprehensive threat awareness and pervasive visibility, and Cisco officials said the combination of their security capabilities and those from OpenDNS will offer greater protection before, during and after an attack.
The Silicon Valley networking giant expects to complete the transaction in the first quarter of next year. The deal comprises cash and assumed equity awards, plus retention-based incentives for employees of OpenDNS, which has more than 300 employees.
“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. With an estimated 50 billion devices being connected by 2020, enterprise customers will face greater challenges in protecting their ever-expanding networks. To address these risks Cisco is focused on providing solutions across the extended network for its customers, what we call Security Everywhere," said Hilton Romanski, senior vice president and chief technology and strategy officer, Cisco.