Cisco Announces

Intent to Acquire Duo Security

David Goeckeler, EVP & GM, Cisco’s Networking and Security Business
Dug Song, Co-Founder & CEO, Duo Security
Rob Salvagno, VP, Corporate Business Development for Cisco
August 2, 2018
Forward Looking Statement
This presentation may be deemed to contain forward-looking statements, which are subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the
acquisition enabling Cisco customers to securely connect users to any application on any networked device,
Duo's unified access security and multi-factor authentication helping Cisco accelerate priority areas across its
networking and security portfolio, the expected benefits to Cisco and its customers from completing the
acquisition, and plans regarding Duo personnel. Readers are cautioned that these forward-looking statements
are only predictions and may differ materially from actual future events or results due a variety of factors,
including, among other things, that conditions to the closing of the transaction may not be satisfied, the
potential impact on the business of Duo due to the uncertainty about the acquisition, the retention of
employees of Duo and the ability of Cisco to successfully integrate Duo and to achieve expected benefits,
business and economic conditions and growth trends in the networking industry, customer markets and
various geographic regions, global economic conditions and uncertainties in the geopolitical environment and
other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking
statements in this release are based on limited information currently available to Cisco, which is subject to
change, and Cisco will not necessarily update the information.

© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
Cisco and Duo: Better together

User and Enforces consistent policy and gains

awareness across Cisco’s portfolio by
Device Identity verifying user and device trust

Network and App Extends secure access across a hybrid,

multi-cloud environment with a
Access simple, cloud-delivered service

In-depth and Expands device coverage across managed

and unmanaged devices
Broad Visibility with an agentless, cloud-based model

© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
Fortifying Cisco’s zero-trust leadership

Before Cisco today Cisco + Duo

Internal External Internal External Internal External

Trusted Insecure Zero-Trust Protected Zero-Trust

Network off the VPN for the network on or off the VPN for the network and apps

Perimeter Perimeter Perimeter Extended

to the Point of Access

Duo brings together zero-trust with

consistent policies for the network and apps.
© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
Duo delivers secure access
from any user, any device, to any app
Trusted Users Secure Access
to Any Application
Multi-factor Mobile Phishing User access
authentication app simulation policies

Single sign-on
User access analytics

Internal network gateway

Trusted Devices
Agentless User-based Device Device access Identity access gateway
inspection remediation certificates policies

Device access analytics Application access policies

© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
 Headquarters: Ownership:
Ann Arbor, MI Private company.
Investors include:
Year Founded: 2010 Benchmark, GV, True
No. of Employee Ventures, Meritech,
~700 Lead Edge, and
Redpoint
Duo Security Key Customers:
12,000+ customers,
Company Overview including Facebook,
Purchase Price:
$2.35B
Yelp, KAYAK, Duke
University, Altegra in cash and assumed
Health equity awards for 100%
of Duo’s outstanding
Key Financials: shares, warrants and
Privately held equity incentives on a
company. fully-diluted basis.

© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
Q&A

© 2018 Cisco and/or its affiliates. All rights reserved. Cisco Confidential