Cisco Acquires Duo Security in 2.35 Billion Dollars
As Cisco acquires Duo Security in $2.35 Billion, a privately-held, unified access security and multi-factor authentication company headquartered in Ann Arbor, MI. Together, Cisco and Duo fortify our leadership in technologies that control user access to networks and applications.
Duo was founded in 2009 by Dug Song and Jon Oberheide, in Ann Arbor, Michigan. Companies that have deployed Duo's two-factor authentication systems include Facebook, Etsy, Yelp, Panasonic and Toyota.
Duo’s 100% cloud-based offering will provide Cisco a strength with a unique opportunity to insert a low friction, highly relevant security offering into customers environments. Duo's technology is a highly calculated addition to Cisco's portfolio and will help hasten its intent-based networking strategy by spreading intent-based networking into multi cloud environments and streamlining the policy for cloud security and expanding endpoint visibility coverage.
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Duo is the prominent provider of unified access security and multi-factor authentication delivered across the cloud. Duo's resolution verifies the identity of users and the health of their devices before permitting them access to applications and helping to prevent cybersecurity breaches.
Incorporation of Cisco's network, device and cloud security platforms with Duo's zero trust authentication and access products will help enable Cisco customers to easily and securely connect users to any application on any networked device.
With this acquisition, Cisco is leading now in the cloud based effective zero-trust security posture in less time. With the help of Duo portfolio, Cisco agains the access to the Unify application access security on the network and in the cloud using simple SaaS products. The main focus of Duo was on the ensuring compliance by verifying user and device trust in an ever-evolving regulatory landscape.
