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Cisco Announces Plans to Acquire Duo Security

August 02, 2018 / Michael Hill

Cisco has announced its intent to acquire privately-held Duo Security. The deal will purportedly see Cisco pay $2.35bn in cash and assumed equity awards for Duo Security’s outstanding shares, warrants and equity incentives on a fully-diluted basis. Duo Security, headquartered in Michigan, provides unified access security and multi-factor authentication through the cloud, offering zero-trust authentication and access products. “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. “IT teams are responsible for protecting hundreds of different perimeters that span anywhere a user makes an access decision. Duo’s zero-trust authentication and access products integrated with our network, device and cloud security platforms will enable our customers to address the comple...