#Duo security stock software#

Duo’s solution verifies the identity of users and the health of their devices before granting them access to applications – helping prevent cybersecurity breaches. – Octo– Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of Duo Security, a privately-held company headquartered in Ann Arbor, Michigan.ĭuo is the leading provider of unified access security and multi-factor authentication delivered through the cloud. The tech firm continues to get most its revenue from hardware like switches and routers.Press Release October 1st, 2018 Cisco Completes Acquisition of Duo Security The acquisition, spearheaded by Cisco CEO Chuck Robbins, signals the latest move by the computer hardware company to go deeper into software.Ĭisco Security saw US$2bn in annual revenue for the first time in the 2017 fiscal year which accounted for US$2.15bn in sales out of Cisco’s total of US$48bn. It provides cloud-based tools to prevent security breaches on devices using two types of authorization.

READ: Cisco shares fall despite surpassing Wall Street earnings estimates, dragging down the Dowĭuo Security, a privately held company based in Ann Arbor, Michigan, was last valued at US$1.17bn. Shares in Cisco added 0.6% to US$42.79 in midday trade. The technology giant will pay US$2.35bn in cash and stocks to purchase the startup cyber security company.Ĭalifornia-based Cisco confirmed in a statement that the deal would close by the end of its fiscal year 2019.

#Duo security stock software#

Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.Ĭisco Systems Inc’s (NASDAQ: CSCO) acquisition of Duo Security, a cloud-based security system, edged shares higher today as the company strengthened its software offerings. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research