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Categories: Cisco Security

@Cisco said Thursday it will buy cybersecurity company @DuoSecurity for $2.35 billion in cash and stock.

Cisco’s stock was down 1 percent on the news.

Duo Security is a private company based in Ann Arbor, Michigan. The company provides cloud-based tools to prevent security breaches on devices, Cisco said in its announcement. The deal is expected to close by the end of Cisco’s fiscal 2019.

https://www.cnbc.com/2018/08/02/cisco-buys-security-start-up.html

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