Cisco to buy OpenDNS for $635 million to boost security business

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015.

/Jim Young

Cisco Systems Inc (CSCO.O) said on Tuesday it would buy OpenDNS, a privately held cloud-based security company, for $635 million in cash and equity awards.The OpenDNS team will be part of Cisco's security business group, boosting the business in the face of fast-growing, sophisticated cyber attacks. Cisco was part of a group that invested $35 million in OpenDNS in May last year. (bit.ly/1KqDMjV) (Reporting by Abhirup Roy in Bengaluru; Editing by Savio D'Souza)