Cisco completed the acquisition of Duo Security, a privately-held company headquartered in Ann Arbor, Michigan. Duo is a provider of unified access security and multi-factor authentication delivered through the cloud. Under the terms of the agreement, Cisco paid $2.35bn in cash and assumed equity awards for Duo Security’s outstanding shares, warrants and equity incentives on a fully-diluted basis. Integration of Cisco’s network, device and cloud security platforms with Duo’s zero trust authentication and access products will help enable Cisco customers to easily and securely connect users to any application on any networked device. “In today’s multicloud world, the modern workforce is connecting to critical business applications both on- and off-premise, IT teams are responsible for protecting hundreds of different perimeters that span anywhere a user makes an access decision. Duo’s zero-trust authentication and access products integrated with our network, device and cloud security platforms will enable our customers to address the complexity and challenges that stem from multi-and hybrid-cloud environments,” David Goeckeler, Cisco executive vice president and general manager of networking and security business.