Cybersecurity organization Lookout, Inc. has announced the acquisition of CipherCloud as it seeks to acquire an integrated endpoint-to-cloud security alternative.
The deal will enable Lookout to protected CipherCloud answers as portion of its product portfolio. This includes alternatives that span producing SASE groups, including Cloud Obtain Security Broker (CASB), Zero-Have faith in Network Obtain (ZTNA), Protected Web Gateway (SWG) and Knowledge Reduction Avoidance (DLP).
Lookout aims to combine these SASE systems with its cell endpoint security in buy to safe organizations’ complete info paths from endpoint to cloud. The will need for this sort of integrated resolution has enhanced as a end result of the shift to distant performing in the previous 12 months, in accordance to the seller. The increase in remote end users, adoption of cloud purposes, info going from the company knowledge center to the cloud and additional network site visitors flowing to cloud services poses new cybersecurity challenges, with a unified option to keep track of action and imposing guidelines necessary to protected an overall information route.
Lookout also observed the acquisition will empower it to enter the promptly increasing SASE market, which is anticipated to improve at a CAGR of 42% around the subsequent five decades.
Jim Dolce, CEO, Lookout, commented: “We couldn’t be far more psyched to welcome the CipherCloud team to Lookout. Our two companies share a typical passion for accelerating cloud adoption with cloud-indigenous alternatives that protected mission-critical knowledge.
“Joining forces with CipherCloud is the subsequent section of our enterprise industry expansion, extending our achieve from the endpoint into the cloud wherever the apps and knowledge reside. Through this blend, we will deliver endpoint-to-cloud security by tying jointly factors of our person methods into a one cloud-delivered offering.”
As part of the settlement, CipherCloud will run underneath Lookout model and leadership, and its founder and CEO, Pravin Kothari, will sign up for Lookout as EVP, product and strategy, SASE.
Kothari explained: “As a pioneer of the Cloud Entry Security Broker market, CipherCloud has enabled corporations about the earth to realize their digital transformation. Today, we get the interesting following step on the highway to SASE by integrating our strengths with people of Lookout to deliver endpoint-to-cloud security for the present day workforce.”
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