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Cisco to Acquire Kenna Security

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Cisco, American multinational technology conglomerate, has announced the acquisition of Kenna Security, a risk-based vulnerability management platform maker, for an undisclosed amount.

Kenna is Cisco's first major security acquisition since the $2.35 billion purchase of Duo Security in 2018.

With over 14 million assets secured and over 12.7 billion controlled vulnerabilities, Kenna Security is a recognized pioneer in risk-based vulnerability prioritization.

Cisco has made three acquisitions in the last week. The company revealed its intention to buy Sedona Systems and Socio Labs earlier this week, but no financial details were given.

“It has a proven ability to bring data in from a multi-vendor setting and have a holistic view of IT vulnerability risk using data science and real-world threat intelligence", said Gee Rittenhouse, senior vice president and general manager, Security Business Group, Cisco.

“By combining our leading threat management capabilities with Kenna Security's risk-based vulnerability management, we will significantly improve our platform strategy for customers”, Rittenhouse added.

Cisco SecureX is a cloud-native platform that provides customers with a single view of their environments, eliminating the need to switch between different dashboards or handle conflicting warnings or policies.

Cisco expects the acquisition to close in the fourth quarter of fiscal year 2021.

“By combining our leading threat management capabilities with Kenna Security's risk-based vulnerability management, we will significantly improve our platform strategy for customers”, Rittenhouse added.

Cisco previously stated that it is planning a ‘one-time' payment of about Rs.63.5 crore to assist employees in India during the second wave of the COVID-19 pandemic.

Cisco employees in India have taken to LinkedIn to announce that the company is providing 'crisis financial assistance,' with each employee receiving Rs.50,000.

The company is also offering additional paid leave for volunteering, vaccine cost coverage, and pay advances to its employees in the country, according to the employee.

Cisco said in an email that it is still looking for new ways to enhance programs for its workers and their families.

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