Cisco buys OpenDNS

[Arthur]

 

Source: OpenDNS / Cisco (via Reuters)

 

Cisco Systems Inc (CSCO.O) said on Tuesday it would buy OpenDNS, a privately held cloud-based security company, for $635 million in cash and equity awards to beef up its security business.

 

Cisco has been buying a number of security companies to boost the business in the face of fast-growing, sophisticated cyber attacks.

 

OpenDNS provides network security service that block attacks, as well as malware, botnets and phishing threats. Cisco was part of a group that invested $35 million in OpenDNS in May last year.

 

The acquisition of San Francisco, California-based OpenDNS is expected to close in the first quarter of fiscal year 2016, Cisco said in a statement.

 

Cisco bought security advisory firm Neohapsis for an undisclosed sum this year and malware analysis company ThreatGRID in 2014.

 

The global cybersecurity market is estimated to grow to $170.21 billion by 2020 from $106.32 billion in 2015, according to market research firm MarketsandMarket.

[pete]

So...about a year before the founders bail and it all goes pear-shaped and prices are jacked up?

[Arthur]

So...about a year before the founders bail and it all goes pear-shaped and prices are jacked up?

That's what I was thinking too.

[computer_expert]

Lookup for google.com failed - you have used your monthly allowance. Please contact sales to upgrade.