Cisco to buy cybersecurity company Duo for $2.35 billion, biggest acquisition after AppDynamics last year
Duo’s platform allows users to verify their identity with a two-step authentication process, a product that Cisco executives said was key as more of their customers are trying to securely connect to applications in the cloud.
Cisco, like other large technology companies, has been focusing on high-growth areas such as security, the Internet of Things and cloud computing.
Cisco Systems has struck a deal to buy software company AppDynamics for $3.7 billion.
Over 80% of respondents experienced at least one major application performance issue in 2011