Tuesday, June 28, 2016

Cisco to Acquire Cloudlock for $293 Million

Cisco agreed to acquire CloudLock, a start-up focused on cloud security, for $293 million in cash and assumed equity awards.

CloudLock specializes in cloud access security broker (CASB) technology that provides enterprises with visibility and analytics around user behavior and sensitive data in cloud services, including SaaS, IaaS and PaaS. The company is based in Waltham, Massachusetts.

Cisco said the deal extends its Security Everywhere strategy, designed to provide protection from the cloud to the network to the endpoint.

“As companies are migrating to the cloud, they need a technology partner that can accelerate that transition and deliver critical security capabilities for all their users, apps and data in a seamless way,” said Rob Salvagno, vice president of Cisco Corporate Development. “CloudLock brings a unique cloud-native, platform and API-based approach to cloud security which allows them to build powerful security solutions that are easy to deploy and simple to manage.”

http://www.cloudlock.com
http://www.cisco.com



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