Cisco is set to acquire OpenDNS, a provider of advanced threat protection for devices, for $635 million in cash to boost its security business.
Cisco aims at adding visibility and threat intelligence from the OpenDNS cloud delivered platform to its security portfolio.
The San Francisco-based OpenDNS, a privately held company , offers security via a Software-as-a- Service (SaaS) model. The combination of Cisco and OpenDNS will enhance threat protection before, during and after an attack.
Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager, will look after OpenDNS team.
The acquisition of OpenDNS is expected to close in the first quarter of fiscal year 2016.
“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, chief technology and strategy officer of Cisco.
