Monday, November 9, 2015

Blue Coat to Acquire Elastica for $280M - Cloud Security

Blue Coat Systems agreed to acquire Elastica, a start-up offering a cloud security system, for $280 million.

Elastica, which is based in San Jose, California (Santana Row), develops a security platform that provides visibility, control and data-level security across cloud, on premise and hybrid cloud environments. Elastica’s CloudSOC provides unique capabilities such as threat scoring powered by machine learning, user and end-point behavior modeling, natural language-based cloud DLP, and analysis with remediation in a cloud application SOC.  It further provides complete risk analysis and policy management for sanctioned cloud and “shadow IT” applications to ensure safe cloud usage. Elastica delivers these capabilities via its CASB gateway and API controls for cloud application security management and enforcement.

Blue Coat said that combining its on- and off-premise threat defense and cloud data protection with Elastica’s Cloud Access Security and Analytics, it can provide a comprehensive solution as users embrace the cloud.

“This acquisition gives Blue Coat customers access to Elastica’s CloudSOC, which brings an unprecedented level of elegance and innovation to something that is rapidly becoming a complex challenge for organizations to solve. As we evaluated many CASB players, it was clear that Elastica’s technologies represent the future of the CASB space,” said Greg Clark, Blue Coat CEO. “Segmented CASB players have survived through their dependency upon existing on-premise infrastructure. As the industry’s leading web security platform, it is natural for Blue Coat to be the first to deliver an extended spectrum of CASB capabilities while also delivering them with our cloud protection solutions.”

“Given the rapid acceleration of cloud adoption, our holistic data science-powered approach to cloud access security will enhance Blue Coat’s globally deployed security platform, empowering its customers to confidently and securely take advantage of the speed and agility that cloud applications offer,” said Rehan Jalil, CEO and founder of Elastica. “We are thrilled to join forces to broaden the reach of the Elastica CloudSOC platform through Blue Coat’s customers. Blue Coat’s commitment to enabling cloud applications and services aligns with our mission of providing visibility and protection of critical data stored in those applications. Together we are delivering the industry’s strongest set of enterprise cloud security capabilities.”


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