And that's why we're the most loved and trusted name in security. Together we build for the future by designing simple solutions for complex problems. We foster collaboration and believe in being recognized (and rewarded!) for hard work. We invest in growth and learning opportunities and encourage our people to never stop learning. We learn together by hiring for cultural contribution, not cultural fit, and recognize that diversity in background and thought are essential to building high-impact teams. We believe that impactful work is rewarding work and that our team is at its best when everyone feels empowered to bring their whole self to work. We engineer our business to enable our customers to easily address their ever-evolving security challenges.
We're transforming security from the ground up by solving the world's most pressing geopolitical challenge - safe, secure information access. Our mission is simple: democratize security by making it easy and effective for everyone. With the Most Loved Company in Security and the global leader in network technology joining forces, there are more exciting opportunities than ever to be at the forefront of securing the cloud. This latest deal is expected to close in the first quarter of Cisco’s fiscal year 2019.Duo Security, now part of Cisco, is the leading multi-factor authentication (MFA) and secure access provider. Over the last few years, Cisco has made several key acquisitions: OpenDNS, Sourcefire, Cloudlock, and now Duo. By joining forces with the world’s largest networking and enterprise security company, we have a unique opportunity to drive change at a massive scale, and reshape the industry.” “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. “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’s co-founder and chief executive officer. And within Cisco’s environment, the technology should feel like a natural fit for CTOs looking for secure two-factor authentication. Instead of issuing key fobs with security codes, Duo’s solution works securely with any device.
Duo’s security apparatus lets employees use their own device for adaptive authentication. The acquisition feels like a good fit for Cisco. Cisco in a statement said they value Michigan’s “resources, rich talent pool, and infrastructure,” and remain committed to Duo’s investment and presence in the Great Lakes State. The company has 700 employees with offices throughout the United States and in London, though the company has remained headquartered in Ann Arbor.Ĭo-founder and CEO Dug Song will continue leading Duo as its General Manager and will join Cisco’s Networking and Security business led by EVP and GM David Goeckeler. Under the terms of the agreement, Cisco is paying $2.35 billion in cash and assumed equity awards for Duo.ĭuo Security was founded in 2010 by Dug Song and Jonathan Oberheide and went on to raise $121.M through several rounds of funding. Cisco today announced its intention to buy Ann Arbor, MI-based security firm, Duo Security.
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