Cisco Is Buying OpenDNS For $635 Million | Domain Headlines

Cisco Is Buying OpenDNS For $635 Million

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According to a post on its company blog, Cisco (NASDAQ: CSCO) is buying OpenDNS.

According to VentureBeat.com, the deal is valued at $635 Million.  OpenDNS has raised north of $50 million in funding to date, including a $35 million round last May.”

This is from the Cisco blog post:

I am pleased to announce our intent to acquire OpenDNS, a leading provider of advanced threat protection for any device, anywhere, anytime, delivered in a Software-as-a-Service (SaaS) model. 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. 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.

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. Over time, we will look to unite our cloud-delivered solutions, enhancing Cisco’s advanced threat protection capabilities across the full attack continuum—before, during and after an attack.

The OpenDNS team will join the Cisco Security Business Group under the leadership of Senior Vice President and General Manager David Goeckeler. Their deep security expertise and key technologies will be a natural fit to Cisco’s security vision and the Security Business Group. The acquisition is expected to close in the first quarter of fiscal 2016.

Congrats to all those at OpenDNS

Information provided by Michael Berkens

of TheDomains.com

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