{"id":3422,"date":"2018-08-02T16:21:30","date_gmt":"2018-08-02T20:21:30","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=3422"},"modified":"2018-08-02T16:21:30","modified_gmt":"2018-08-02T20:21:30","slug":"cisco-acquires-access-management-vendor-duo-security","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/cisco-acquires-access-management-vendor-duo-security\/","title":{"rendered":"Cisco Acquires Access Management Vendor Duo Security"},"content":{"rendered":"

\"Cisco<\/p>\n

Multinational IT conglomerate Cisco today announced its plans to acquire identity and access management firm Duo Security. Cisco would purchase the cybersecurity vendor for $2.35 billion in cash and stock. \u00a0<\/span><\/p>\n

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\"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n

Duo Security focuses on zero trust identity security, multifactor authentication, cloud-based security, and mobile security. Among its capabilities, it allows employees to authenticate their identities on their own mobile devices. Duo Security is considered an authentication \u201cunicorn\u201d in financial circles due to its rapid growth since its founding in 2010; it raised $121.1 million through several funding rounds. It also announced over 100% growth since last year.\u00a0<\/span><\/p>\n

If the acquisition goes through, Duo Security Co-Founder and CEO Dug Song will stay on as General Manager and as part of the Cisco Networking and Security business. Mr. Song said in a statement: \u201cOur 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.\u201d<\/span><\/p>\n

Cisco\u2019s purchase is its largest since its acquisition of AppDynamics for $3.7 billion in January 2017. While Cisco\u2019s main business focus has been networking, it has been working to supplement and expand its software offering over the past few years, including app development and call center technology. \u00a0\u00a0<\/span><\/p>\n

Cisco\u2019s purchase of Duo Security should be finalized around Q1 of 2019.\u00a0<\/span><\/p>\n

Other Resources:\u00a0<\/strong><\/p>\n

The 10 Coolest IAM and Identity Security CEO Leaders<\/a><\/p>\n

Privileged Access Credentials (With Identity Automation)<\/a><\/p>\n

The Importance of Edge Use Access (With Identity Automation)<\/a><\/p>\n

Managing Third-Party Privileges with Identity Automation<\/a><\/p>\n

IAM vs CIAM: What\u2019s the Difference?<\/a><\/p>\n

The Role of Identity in Digital Transformation<\/a><\/p>\n

The Current State of Biometric Authentication in IAM<\/a><\/p>\n

Comparing the Top Identity and Access Management Solutions<\/a><\/p>\n

The 32 Best Identity and Access Management Platforms for 2018<\/a><\/p>\n

Thycotic Releases \u201c2018 Global State of Privileged Access Management (PAM) Risk and Compliance\u201d<\/a><\/p>\n


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Multinational IT conglomerate Cisco today announced its plans to acquire identity and access management firm Duo Security. Cisco would purchase the cybersecurity vendor for $2.35 billion in cash and stock. \u00a0 Duo Security focuses on zero trust identity security, multifactor authentication, cloud-based security, and mobile security. Among its capabilities, it allows employees to authenticate their […]<\/p>\n","protected":false},"author":41,"featured_media":2414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[810,16,811,76,70,118,294],"acf":[],"yoast_head":"\nCisco Acquires Access Management Vendor Duo Security<\/title>\n<meta name=\"description\" content=\"Multinational IT conglomerate Cisco today announced its plans to acquire identity and access management firm Duo Security.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/cisco-acquires-access-management-vendor-duo-security\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Canner\" \/>\n\t<meta name=\"twitter:label2\" 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