Cisco to buy OpenDNS for US$635mil to boost security business

July 1, 2015

Cisco Systems Inc said it would buy OpenDNS, a privately held cloud-based security firm, for US$635mil (RM2.3bil) the latest move to boost its security business as cyber attacks increase in number and sophistication.

Cisco has been buying a number of security companies, which has made its relatively tiny security business one of its fastest growing areas in the past two years.

OpenDNS uses predictive intelligence to block malware, botnets and phishing threats that antivirus and firewalls miss. Cisco was a minority investor and was one of the backers that invested US$35mil (RM131mil) in OpenDNS in May last year.