Cisco announced an agreement to acquire OpenDNS for USD 635 million in order to expand in the security market. Based in San Francisco, OpenDNS provides advanced threat protection for any type of device over a cloud-based platform. Under a SaaS model, OpenDNS' products can be integrated in the customer's defense architecture or incident response strategies. Cisco said OpenDNS' broad visibility and predictive threat intelligence helps IT administrators protect against security threats from unmonitored and potentially unsecure entry points into the network.
The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. The purchase price includes equity awards and retention-based incentives for OpenDNS staff. The acquisition is expected to close in the first quarter of Cisco's fiscal year 2016.
