By Lisa Beilfuss
Cisco Systems Inc. on Tuesday said it agreed to buy
privately-held network security company OpenDNS for $635 million,
the latest move to boost its security business.
The Silicon Valley networking giant expects to complete the
transaction in its first fiscal quarter, which ends in October. The
deal comprises cash and assumed equity awards, plus retention-based
incentives for OpenDNS.
OpenDNS, based in San Francisco, protects corporations, schools
and households from attacks and malware through cloud-delivered
security services. The business will fold into Cisco's security
business group.
Combining OpenDNS's visibility, predictive threat intelligence
and cloud platform with enhance Cisco's security capabilities, the
company noted.
Last year, Cisco acquired cybersecurity firm Sourcefire for $2.7
billion and also bought malware technology company ThreatGrid Inc.
The security business represented about 4.3% of Cisco's overall
revenue in 2014.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Access Investor Kit for Cisco Systems, Inc.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US17275R1023
Subscribe to WSJ: http://online.wsj.com?mod=djnwires