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Cisco to buy OpenDNS for US$635m to boost security business

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Cisco Systems Inc said on Tuesday it would buy OpenDNS, a privately held cloud-based security company, for US$635 million in cash and equity awards.

[NEW YORK] Cisco Systems Inc said on Tuesday it would buy OpenDNS, a privately held cloud-based security company, for US$635 million in cash and equity awards.

The OpenDNS team will be part of Cisco's security business group, boosting the business in the face of fast-growing, sophisticated cyber attacks.

Cisco was part of a group that invested US$35 million in OpenDNS in May last year.

REUTERS

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