Cisco pays cool $2.3 billion for hot security company Duo

Cisco today laid out $2.35 billion in cash and stock for network- identity, authentication and security company Duo.

According to Cisco, Duo helps protect organizations against cyber breaches through the company’s cloud-based software that verifies the identity of users and the health of their devices before granting access to applications with the idea of preventing breaches and account takeover.

A few particulars of the deal include:

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