Cisco plans to acquire cybersecurity firm Duo Security for $2.35 billion
@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.