INSUBCONTINENT EXCLUSIVE:
Cisco today announced its intent to buy Ann Arbor, MI-based security firm, Duo Security
Under the terms of the agreement, Cisco is paying $2.35 billion in cash and assumed equity awards for Duo.Duo Security was founded in 2010
by Dug Song and Jonathan Oberheide and went on to raise $121.M through several rounds of funding
The company has 700 employees with offices throughout the United States and in London, though the company has remained headquartered in Ann
Arbor, MI.Co-founder and CEO Dug Song will continue leading Duo as its General Manager and will join Cisco Networking and Security business
led by EVP and GM David Goeckeler
There no word if Duo will continue to operate out of Ann Arbor if the deal closes.The acquisition feels like a good fit for Cisco
Duo security apparatus lets employees use their own device for adaptive authentication
Instead of issuing key fobs with security codes, Duo solution works securely with any device
And within Cisco environment, the technology should feel like a natural fit for CTOs looking for secure two-factor authentication.&Our
partnership is the product of the rapid evolution of the IT landscape alongside a modernizing workforce, which has completely changed how
organizations must think about security,& said Dug Song, Duo Security co-founder and chief executive officer
&Cisco created the modern IT infrastructure, and together we will rapidly accelerate our mission of securing access for all users, with any
device, connecting to any application, on any network
By joining forces with the world largest networking and enterprise security company, we have a unique opportunity to drive change at a
massive scale, and reshape the industry.&Over the last few years, Cisco has made several key acquisitions: OpenDNS, Sourcefire, Cloudlock,
This latest deal is expected to close in the first quarter of Cisco fiscal year 2019.Duo Security Dug Song On Company Priorities | Disrupt
