Cisco has agreed to acquire CloudLock, a privately held cloud security company based in Waltham, Mass., for $293 million.
CloudLock specializes in cloud access security broker (CASB) technology, which provides enterprises with visibility and analytics around user behavior and sensitive data in cloud services, including SaaS, IaaS and PaaS.
More data, more devices, and the increasingly decentralized way companies do business means that security has to evolve beyond an on-premises approach. CloudLock’s CASB technology helps customers understand and monitor user behavior and sensitive data in cloud applications, providing greater visibility, compliance and threat protection.
“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.”
The acquisition will help accelerate Cisco’s cloud security portfolio, and extend the cloud security offering throughout the enterprise.
The CloudLock team will join Cisco’s Networking and Security Business Group.