Cybersecurity firm Lookout, Inc. has introduced the acquisition of CipherCloud because it seeks to develop an built-in endpoint-to-cloud safety resolution.
The deal will allow Lookout to safe CipherCloud options as a part of its product portfolio. This contains options that span growing SASE classes, together with Cloud Entry Safety Dealer (CASB), Zero-Belief Community Entry (ZTNA), Safe Net Gateway (SWG) and Knowledge Loss Prevention (DLP).
Lookout goals to mix these SASE applied sciences with its cellular endpoint safety so as to safe organizations’ complete knowledge paths from endpoint to cloud. The necessity for this sort of built-in resolution has elevated on account of the shift to distant working prior to now 12 months, in keeping with the seller. The rise in distant customers, adoption of cloud functions, knowledge shifting from the company knowledge heart to the cloud and extra community site visitors flowing to cloud providers poses new cybersecurity challenges, with a unified resolution to trace exercise and implementing insurance policies wanted to safe a whole knowledge path.
Lookout additionally famous the acquisition will allow it to enter the quickly rising SASE market, which is anticipated to develop at a CAGR of 42% over the following 5 years.
Jim Dolce, CEO, Lookout, commented: “We couldn’t be extra excited to welcome the CipherCloud group to Lookout. Our two organizations share a standard ardour for accelerating cloud adoption with cloud-native options that safe mission-critical knowledge.
“Becoming a member of forces with CipherCloud is the following section of our enterprise market growth, extending our attain from the endpoint into the cloud the place the functions and knowledge reside. By means of this mix, we are going to ship endpoint-to-cloud safety by tying collectively components of our particular person options right into a single cloud-delivered providing.”
As a part of the settlement, CipherCloud will function below Lookout model and management, and its founder and CEO, Pravin Kothari, will be a part of Lookout as EVP, product and technique, SASE.
Kothari stated: “As a pioneer of the Cloud Entry Safety Dealer market, CipherCloud has enabled organizations around the globe to attain their digital transformation. Right this moment, we take the thrilling subsequent step on the street to SASE by integrating our strengths with these of Lookout to ship endpoint-to-cloud safety for the fashionable workforce.”