& cplSiteName &

Cisco Completes Acquisition of Duo Security

Light Reading
News Wire Feed
Light Reading
10/1/2018
50%
50%

SAN JOSE, Calif. -- Cisco today announced it has completed the acquisition of Duo Security, a privately-held company headquartered in Ann Arbor, Michigan.

Duo is the leading provider of unified access security and multi-factor authentication delivered through the cloud. Duo's solution verifies the identity of users and the health of their devices before granting them access to applications - helping prevent cybersecurity breaches. Integration of Cisco's network, device and cloud security platforms with Duo's zero trust authentication and access products will help enable Cisco customers to easily and securely connect users to any application on any networked device.

Duo's technology is a highly strategic addition to Cisco's portfolio and will help accelerate its intent-based networking strategy by: extending intent-based networking into multicloud environments; simplifying policy for cloud security and expanding endpoint visibility coverage.

Cisco acquired Duo Security for $2.35 billion in cash and assumed equity awards for 100% of Duo's outstanding shares, warrants and equity incentives on a fully-diluted basis.

Duo CEO and co-founder Dug Song and team are joining Cisco's Networking and Security business led by EVP and GM David Goeckeler.

Cisco Systems Inc. (Nasdaq: CSCO)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Educational Resources
sponsor supplied content
Educational Resources Archive
Featured Video
Flash Poll
Upcoming Live Events
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 6, 2018, London, United Kingdom
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
March 12-14, 2019, Denver, Colorado
April 2, 2019, New York, New York
May 6-8, 2019, Denver, Colorado
All Upcoming Live Events
Partner Perspectives - content from our sponsors
One Size Doesn't Fit All – Another Look at Automation for 5G
By Stawan Kadepurkar, Business Head & EVP, Hi-Tech, L&T Technology Services
Prepare Now for the 5G Monetization Opportunity
By Yathish Nagavalli, Chief Enterprise Architect, Huawei Software
Huawei Mobile Money: Improving Lives and Accelerating Economic Growth
By Ian Martin Ravenscroft, Vice President of BSS Solutions, Huawei
Dealer Agent Cloud – Empower Your Dealer & Agent to Excel
By Natalie Dorothy Scopelitis, Director of Digital Transformation, Huawei Software
All Partner Perspectives