Cisco has announced its intention to acquire security company OpenDNS in a deal worth $635m.
The firm said that the deal will close in early 2016, and will "accelerate" plans for cloud and Internet of Things (IoT) security tools and features under the Cisco Security Everywhere brand.
"Security Everywhere is a reflection of the growth of the connected company, the remote worker, bring your own device, and the massive growth in the IoT," the company said.
Cisco is a vocal and active participant in the growth of the IoT, and claims to be in a position to keep its customers and their data and devices as safe as they can be.
"As more people, processes, data and things become connected, opportunities for security breaches and malicious threats grow exponentially when away from secure enterprise networks," said Hilton Romanski, Cisco chief technology and strategy officer.
"OpenDNS has a strong team with deep security expertise and key technology that complements Cisco's security vision. Together, we will help customers protect their extended network wherever the user is and regardless of the device."
Cisco to buy OpenDNS. Which is great, since Cisco should have enough IP space to give them a more memorable IP address than 18.104.22.168.— Mikko Hypponen (@mikko) June 30, 2015
The OpenDNS team will join Cisco's Security Business Group. David Ulevitch, OpenDNS chief executive, told employees in an internal memo that this is a "milestone" and that both companies and their customers will benefit.
He explained that Cisco was not the first company to approach OpenDNS but did stand out as the best option.
"Cisco initially presented us with an offer. While flattered, we didn't think it would progress further than previous similar discussions. However, over the course of our conversations, we got to know Cisco better," he said.
"We didn't decide to sell OpenDNS. We decided to sell OpenDNS to Cisco. That's an important distinction. When Cisco made a compelling case that we would be stronger together, we agreed.
"We're confident about this next move for us. Cisco has great respect for the technology we've built and taken to market, for our incredible team, and for our culture. Cisco is not buying OpenDNS for our individual components, but for the whole."
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