On Wednesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.29% to $28.11.
On June 30, Cisco declared its intent to acquire OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime. The acquisition will boost Cisco’s Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.
The burgeoning digital economy and the Internet of Everything (IoE) are predictable to spur the connection of nearly 50 billion devices by 2020, creating a vast new wave of opportunities for security breaches across networks. The faster customers can deploy a solution, the faster they can detect, block and remediate these emerging security threats. OpenDNS’ cloud platform offers security delivered in a Software-as-a- Service (SaaS) model, making it quick and easy for customers to deploy and integrate as part of their defense architecture or incident response strategies. By providing comprehensive threat awareness and pervasive visibility, the combination of Cisco and OpenDNS will enhance advanced threat protection across the full attack continuum — before, during and after an attack.
Typically devices and people connected to the network are easier to identify and track for potential security threats. However in a world in which devices and people can connect from anywhere at anytime, enterprise IT teams have increasingly limited visibility into potential threats from these unmonitored and potentially unsecure entry points into the network, creating tremendous security risk. Combining OpenDNS’ broad visibility, unique predictive threat intelligence and cloud platform with Cisco’s robust security and threat capabilities will enhance awareness across the extended network, both on- and off-premise, reduce the time to detect and respond to threats, and mitigate risk of a security breach.
The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay $635 million in cash and assumed equity awards, plus retention based incentives for OpenDNS. The acquisition is predictable to close in the first quarter of fiscal year 2016, subject to customary closing conditions.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of The Dow Chemical Company (NYSE:DOW), declined -1.77% to $52.10, during its last trading session.
The Dow Chemical Company, declared that Dow AgroSciences Brazil is working with Brazilian farmers from the state of Mato Grosso to implement more sustainable agricultural practices that will generate climate benefits for the mitigation of Rio 2016’s direct carbon footprint.
“The objective is to assist farmers produce more with less, and enhance yield through advanced and more sustainable agricultural practices – all while contributing to one of Rio 2016’s most important sustainability aims,” said Welles Pascoal, president of Dow AgroSciences Brazil. “This project is fully aligned with Dow AgroSciences’ mission to put science at work to address the needs of an ever-growing world through innovative technologies for crop protection, seeds and biotechnology.”
Farmers participating in the project have access to services and technologies such as satellite imagery, precision harvest and profit maps, intensive soil sampling and laboratory analysis, weather monitoring, and detailed review of cropping plans and aims with variable rate technology experts. Seeds and crop protection solutions from Dow are also accessible to assist optimize production and enhance yields.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Finally, The PNC Financial Services Group, Inc. (NYSE:PNC), ended its last trade with 0.84% gain, and closed at $98.32.
The PNC Financial Services Group, published the results of its company-run mid-cycle stress test under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Administration Group, Residential Mortgage Banking, BlackRock, and Non-Planned Assets Portfolio.
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