The Channel logo

News

By | Alexander J Martin 30th June 2015 15:31

Cisco gobbles OpenDNS, sorts out cloud security portfolio

'Vast new wave of opportunities for security breaches’

Cisco will buy privately held net security firm OpenDNS for $635m in cash, to make good its cloud security portfolio and boost the networking giant's "security everywhere" approach.

Announcing the deal today, the leviathan is offering the bundle of cash alongside assumed equity awards, plus retention based incentives for OpenDNS' staff. The acquisition is expected to close in Q1 2016.

The acquisition is intended to improve broad visibility and threat intelligence for Cisco, via OpenDNS' cloud platform.

The OpenDNS team will be assimilated into Cisco's security grouping.

Cisco states:

The burgeoning digital economy and the Internet of Everything are expected to spur the connection of nearly 50 billion devices by 2020, creating a vast new wave of opportunities for security breaches across networks.

"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's chief technology and strategy officer. ®

comment icon Read 26 comments on this article or post a comment alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'