Cisco agreed to buy Internet security firm OpenDNS for $635mln. It’s the 2nd Internet of Everywhere acquisition Cisco has done in the past 2 months. The company announced the acquisition of cloud-based voice and messaging service developer Tropo in May. Cisco expects the OpenDNS deal to boost its Security Everywhere initiative. According to Cisco, visibility into potential threats is limited in a world in which devices and people can connect from anywhere at anytime. That’s what makes OpenDNS’ cloud-based security platform, which aims to offer predictive threat intelligence, valuable. Last year, Cisco acquired cybersecurity firm Sourcefire for $2.7bln. The OpenDNS team will join the Cisco Security Business Group organization led by svp/gm David Goeckeler. The acquisition is expected to close in the first quarter of fiscal year 2016, subject to customary closing conditions.

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White Flag: Paramount’s Reason for Settling Trump Lawsuit

With news breaking overnight of Paramount Global’s $16 million settlement of President Trump’s “60 Minutes” lawsuit, the company couldn’t ignore the elephant in the room during its annual shareholder meeting Wednesday.

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