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Cisco to buy OpenDNS for $635 mn

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VoicenData Bureau
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NEW DELHI: US tech major Cisco is mulling to acquire OpenDNS, a privately held security company based in San Francisco, for $635 million in order to strenghten its security business.

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Under the terms of the agreement, Cisco will pay $635 million in cash and assumed equity awards, plus retention based incentives for OpenDNS. The acquisition is expected to close in the first quarter of fiscal year 2016, subject to customary closing conditions, a statement said.

The acquisition will boost Cisco's Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform, it added.

OpenDNS provides advanced threat protection and the OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, Senior Vice-President and General Manager.

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The burgeoning digital economy and the Internet of Everything (IoE) 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.

OpenDNS' cloud platform offers security delivered in a Software-as-a- Service (SaaS) model, making it prompt for customers to deploy and integrate as part of their defense architecture or incident response strategies.

By providing comprehensive threat awareness and pervasive visibility, the combination of Cisco and OpenDNS will enhance advanced threat protection across the full attack continuum—before, during and after an attack.

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Typically devices and people connected to the network are easier to identify and track for potential security threats. However, in a world in which devices and people can connect from anywhere at anytime, enterprise IT teams have increasingly limited visibility into potential threats from these unmonitored and potentially unsecure entry points into the network, creating tremendous security risk.

"Combining OpenDNS' broad visibility, unique predictive threat intelligence and cloud platform with Cisco's robust security and threat capabilities will increase awareness across the extended network, both on- and off-premise, reduce the time to detect and respond to threats, and mitigate risk of a security breach," the statement said.

"OpenDNS has a strong team with deep security expertise and key technology that complements Cisco's security vision. Together, we will help customers protect their extended network wherever the user is and regardless of the device," said Hilton Romanski, Chief Technology and Strategy Officer, Cisco.

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