Cisco systems (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow decleared on Tuesday that they would buy Open DNS a cloud delivered security enforcement; OpenDNS Umbrella protects devices anywhere and stays up-to-date without admin intervention because there is no hardware to install or software to maintain. Our Global Network handles more than two percent of the world’s Internet requests daily with 100 percent uptime and no added latency.
Cisco has been acquisitioning number of security companies which has made tiny security business one of its factets growing triats over the past two year.
Cisco has became a small investor last year in may for around $35 Million in OpenDns. So when Cisco buys steaks they receive a start up of defensive rights; which means rights that give them the edge to aquire companies it has invested in ahead of competitors.
This is the first acquisition for Cisco after May. After which the veteran sales executive, Chuck Robbins is to replace John Chamber the CEO in July.
The company, whose security business is known for its firewalls, expanded into intrusion detection and prevention systems with the $2.7 billion acquisition of Sourcefire in 2013.
The global cybersecurity market is estimated to grow to $170.21 billion by 2020 from $106.32 billion in 2015, according to market research firm Markets and Markets. Cisco’s shares closed down 8 cents or 0.3 percent Tuesday.
Cisco has acquired dozens of companies over the years, is transitioning towards high-end switches and routers and investing in new products such as data analytics software and cloud-based tools for data centers. The acquisition is expected to close in the first quarter of fiscal year 2016, Cisco said in a statemen