Cisco has agreed to purchase network security firm OpenDNS for $635 million cash in a push to help organizations protect their connected devices against sophisticated threats.
The companies seek to integrate OpenDNS’ predictive threat intelligence and software-as-a-service cloud security platform with Cisco’s Security Everywhere framework to mitigate the risk of breaches, Cisco said Tuesday.
“Together, we will help customers protect their extended network wherever the user is and regardless of the device, ” said Hilton Romanski, chief technology and strategy officer of Cisco.
San Francisco-based OpenDNS will operate under Cisco’s security business group, led by David Goeckeler, once the deal closes.
Cisco expects to wrap up the purchase in the first quarter of its 2016 fiscal year and would assume OpenDNS equity awards and employee retention incentives as part of the transaction.
