Cisco to Expand Cloud Security Portfolio with Acquisition of CloudLock
I’m excited to share that today Cisco announced its intent to acquire CloudLock Inc., a leading cloud security solution that gives companies visibility and policy control over content shared in cloud applications.
CloudLock specializes in Cloud Access Security Broker, or CASB, technology and helps organizations move faster to the cloud. CloudLock delivers cloud security to help track and manage user behavior and sensitive data in SaaS applications, such as Office365, Google Drive, and Salesforce. Enterprise IT can then enforce a granular security policy within these cloud applications. For example, CloudLock can help protect data and enforce access rules when an employee tries to access sensitive data stored in a SaaS application from an unprotected device, in a defined geography, at a specific time of the day – essentially, ‘security anywhere, anytime’ for content in the cloud. CloudLock extends these security controls to the IaaS and PaaS layers as well.
CloudLock’s unique cloud-first, platform and API-based approach means that they’re able to deliver an incredibly detailed level of understanding of how users are sharing data, what’s being shared, and potential security risks associated with sensitive information that shouldn’t be distributed. They do this while remaining invisible to an end user who is accessing the cloud.
In a crowded market of cloud access security broker vendors, CloudLock has built a powerful go-to-market engine that has managed to grow to attract over 700 customers, including Fortune 500 companies, in less than five years.
“Buy” has been a key part of our innovation strategy, alongside significant internal product development, to drive towards a fully integrated security portfolio. Today’s announcement builds on three quarters of consecutive revenue growth in Cisco’s security business. We have expanded our security footprint with milestone acquisitions including Lancope, OpenDNS, Sourcefire. Together, CloudLock and Cisco together will offer the industry’s broadest cloud security protection for users, applications, and data. The CloudLock team will join Cisco’s Networking and Security Business led by Senior Vice President and General Manager David Goeckeler.