Cisco announced that it will pay $2.35 billion in cash to acquire Duo Security.
Through its flagship two-factor authentication (2FA) app, Duo’s “Trusted Access” product suite helps verify the identity of users, and the health of their devices, before granting them access to applications. The platform supports Macs, PCs and mobile devices, and gives administrators visibility into end user devices accessing the corporate network.
“Integration of Cisco’s network, device and cloud security platforms with Duo Security’s zero-trust authentication and access products will enable Cisco customers to easily and securely connect users to any application on any networked device,” Cisco said.
Overall, Cisco says that by getting its hands on Duo’s technology, it will be able to extend intent-based networking into multi-cloud environments, simplify policy for cloud security, and expand endpoint visibility coverage.
The acquisition is expected to close during the first quarter of Cisco’s fiscal year 2019, subject to customary closing conditions and required regulatory approvals.