Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Cisco acquires David Ulevitch’s cloud security company OpenDNS for $635 Million

David-Ulevitch-opendns_37520
Networking technology giant Cisco has announced that it is acquiring cloud-based security company OpenDNS, in a deal worth $635 million in “cash and assumed equity awards, plus retention based incentives for OpenDNS.” The security business represented about 4.3% of Cisco’s overall revenue in 2014.

OpenDNS was founded in 2006 by David A. Ulevitch, 33. It provides a cross-platform online threat-protection service that Cisco says it will use to boost its own security.

The San Francisco-based company claims 65 million users and operates from 25 data centers. It maintains a network of domain name servers to help route Web traffic in competition with those provided by Internet service providers and telecommunications carriers.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Individuals and companies use OpenDNS services to reach websites more quickly, among other purposes. Cisco said.

In recent years, OpenDNS shifted its strategy to stress security services based on its network. The company has said its services can help block computer attacks from particular Internet domains, for example, and can encrypt Web traffic in ways that limit eavesdropping and other threats.

Cisco, based in San Jose, Calif., is best known for routing and switching systems used to handle Internet traffic and move information within corporate data centers. But the company has also been building a large business offering security software and services.

OpenDNS has raised $50 million in funding to date, including a $35 million round last May.

The deal is expected to close in the first quarter of 2016, when the OpenDNS team will join the Cisco Security Business Group. David Ulevitch, founder and CEO of OpenDNS, said, “We’re not going anywhere and OpenDNS as you know it will continue to work as it does today.”

In 2014 Cisco acquired cybersecurity firm Sourcefire for $2.7 billion and bought malware-detection technology company ThreatGrid Inc., report WSJ

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.