Cisco to acquire Duo Security for $2.35 billion
Cisco is planning to buy Duo Security, a company that provides enterprises with secure multi-factor authentication services, for $2.35 billion, the two companies announced on Thursday. Duo Security is largely seen as a leader in the multi-factor authentication space and is best known for its “zero-trust” security platform, which helps companies verify the identity and trust of the various user endpoints on their networks. Based in Ann Arbor, Michigan with other offices in the U.S. and London, the company has raised more than $121 million in venture capital funding since it was founded in 2010. “Cisco created the modern IT infrastructure, and together we will rapidly accelerate our mission of securing access for all users, with any device, connecting to any application, on any network,” said Duo CEO Dug Song in a statement. “By joining forces with the world’s largest networking and enterprise security company, we have a unique opportunity […]
The post Cisco to acquire Duo Security for $2.35 billion appeared first on Cyberscoop.
Continue reading Cisco to acquire Duo Security for $2.35 billion