Shulou(Shulou.com)06/01 Report--

When it comes to Cisco, I believe everyone is no stranger. As a global technology leader, Cisco has a leading level of network technology in the world, and its solutions cover enterprise networks, data centers, security and collaboration. Recently, the Internet giant may make a big move, or spend 2.35 billion dollars to buy a network security manufacturer. Which manufacturer will be favored by Cisco? What is the meaning of Cisco's move?

According to foreign media reports, the manufacturer to be acquired by Cisco is called Duo Security, and its transaction will be paid in cash and stock. As soon as the news came out, Cisco shares fell 1% in pre-market trading.

According to data, Duo Security is a private company founded by Dug Song and Jonathan Oberheide in 2010 and raised $121 million through several rounds of financing. The company employs 700 people, has offices in the US and London, and is headquartered in Ann Arbor. The business direction of Duo Security is to provide users with cloud-based security tools to help users solve the problem of device security vulnerabilities.

$2.35 billion is a lot of money, but it's not the largest security acquisition for deep-pocketed Cisco, which bought cyber security provider Source Fire for $2.7 billion as early as 2013. But these acquisitions demonstrate the importance Cisco attaches to network security and respond to CEO Chuck-Chuck Robbins's strategy to push the company further into software.

Upon completion of this acquisition, Dug Song, co-founder and CEO of Duo Security, will continue to serve as General Manager and will join the Cisco Network and Security Business Unit led by David Goeckeler, Vice President and General Manager.

Dug Song, co-founder and CEO of Duo Security, said, "our partnership is the product of the rapid development of the IT field and the modernization of the workforce, which has completely changed the way organizations think about security. Cisco has created a modern IT infrastructure, and together we will accelerate our mission to secure all user access, including the security of any application connected to any network using any device. By working with the world's largest network and corporate security company, we have a unique opportunity to massively drive change and reshape the entire industry. "

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