CipherCloud has acquired CloudUp Networks, a privately held provider of SaaS application security. The transaction closed in early January. The financial terms of the acquisition are not being disclosed.
CipherCloud provides cloud encryption and tokenization gateways to help enterprises to securely adopt cloud applications by eliminating concerns about data privacy, residency, security and regulatory compliance. The company began its cloud protection journey by delivering encryption, tokenization and Data Loss Prevention (DLP) capabilities. The company has since integrated visibility capabilities into its platform to help customers discover data anomalies and determine the relevant security controls to protect their cloud bound data.
CipherCloud said the integration of CloudUp brings new capabilities to scan and tag different classes of data in order to protect sensitive organizational information. Additionally, the CloudUp technology provides a holistic view of the sensitivity of data across all cloud applications and enables DLP policies to be enforced on cloud data based on the sensitivity or risk level of that data. These capabilities enhance an organization's visibility into and compliance controls for data throughout its cloud lifecycle.
"We continue to raise the bar for cloud information protection," said Pravin Kothari, founder and CEO of CipherCloud. "The consumption of multiple cloud applications into the enterprise requires security to be in lock step with visibility. This acquisition reflects our strategy of growing our business with the tools our customers need to go to the cloud."
In December 2012, CipherCloud, a start-up based in San Jose, California, announced $30 million in new venture funding from Andreessen Horowitz for its cloud protection. The CipherCloud product portfolio supports popular cloud applications including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, and Amazon AWS. Customers include top firms in banking, insurance, healthcare and technology, as well as government agencies. CipherCloud’s existing investors include Andreessen Horowitz, Index Ventures and T-Venture, the venture capital arm of Deutsche Telekom.