![]() ![]() According to the 2017 Verizon Data Breach Report, the majority of hacking related breaches involve stolen or weak passwords. Attackers know that one of the most effective ways to access enterprise systems is through compromising user passwords or devices. Duo’s zero-trust authentication and access products integrated with our network, device and cloud security platforms will enable our customers to address the complexity and challenges that stem from multi-and hybrid-cloud environments.”īusiness-critical data and applications today are accessed by customers, partners and employees from a multitude of locations and networks, both secure and open, using company-issued and personal devices. “IT teams are responsible for protecting hundreds of different perimeters that span anywhere a user makes an access decision. “In today’s multicloud world, the modern workforce is connecting to critical business applications both on- and off-premise,” said David Goeckeler, executive vice president and general manager of Cisco’s networking and security business. Under the terms of the agreement, Cisco will pay $2.35 billion in cash and assumed equity awards for Duo Security’s outstanding shares, warrants and equity incentives on a fully-diluted basis. Integration of Cisco’s network, device and cloud security platforms with Duo Security’s zero-trust authentication and access products will enable Cisco customers to easily and securely connect users to any application on any networked device. Duo Security’s solution verifies the identity of users and the health of their devices before granting them access to applications – helping prevent cybersecurity breaches. Duo Security is the leading provider of unified access security and multi-factor authentication delivered through the cloud. 02, 2018 (GLOBE NEWSWIRE) - Cisco (NASDAQ:CSCO) today announced its intent to acquire privately-held Duo Security, headquartered in Ann Arbor, Mich. In the latest earnings call, Robbins called security "foundational to everything we do.Acquisition Will Help Accelerate Cisco’s Intent-Based Networking Strategy, Allowing Customers to Securely Connect Users to Any Application on Any Network Providing security services to its existing customer base is one of Cisco's biggest efforts. Cisco shares have gained 9.3 percent this year, as of Wednesday's close, outperforming the S&P 500, but way behind tech giants Apple, Amazon, Microsoft and Alphabet, which are all up at least 17 percent. Robbins, who took over as CEO in 2015 from John Chambers, is tasked with turning around a mammoth legacy tech company as the industry moves toward cloud computing and open-source software. Still, security accounted for only 4.7 percent of total sales, as Cisco continues to count on hardware like switches and routers for the bulk of its revenue. ![]() In October, Cisco agreed buy BroadSoft, a developer of call center technology, for $1.9 billion.Ĭisco's security business grew 11 percent in the fiscal third quarter, almost three times the rate of the company's overall growth. It's Cisco's biggest acquisition since the $3.7 billion deal for application management company AppDynamics in early 2017 and continues CEO Chuck Robbins' string of moves to push the company deeper into software. ![]() The deal is expected to close by the end of Cisco's fiscal 2019. The company provides cloud-based tools to prevent security breaches on devices, Cisco said in its announcement. Personal Loans for 670 Credit Score or Lowerĭuo Security is a private company based in Ann Arbor, Michigan. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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