CipherCloud, a provider of cloud security solutions that recently had a $50 million round of financing, has expanded its platform through the acquisition of core technology from Anicut Systems, a privately held provider of adaptive security as a service.
This acquisition would complement CipherCloud’s commitment to delivering a holistic cloud security platform that enables enterprise cloud adoption. The transaction has closed. Financial terms of the acquisition were not disclosed.
Since CipherCloud‘s founding four years ago, the company has focused on developing innovations that bring visibility and protection to data across all clouds in use by an enterprise. The company began by delivering security controls – namely searchable strong encryption, advanced tokenization and data loss prevention (DLP) – to solve the immediate need to secure sensitive data in the cloud.
The platform has further evolved to include incorporated data classification, cloud detection, data discovery and anomaly monitoring to give organizations the insights they need to apply security policies and tools to protect their sensitive information in the cloud.
Anicut’s technology would enhance CipherCloud‘s cloud discovery, data protection and monitoring platform by bringing additional intelligence and security controls that help organizations defend against a fast evolving threats landscape.
Detect Advanced Attacks
Anicut provides advanced cloud security analysis of real-time traffic using machine learning to detect malicious insider and external threats. The technology detects both high-risk clouds and high-risk user activities in their use of cloud services based on over 60 attributes to detect advanced attacks on cloud services such as spear phishing and watering hole. It would also enable administrators to effectively configure and enforce corporate cloud use policies.
“We continue to raise the bar for cloud security,” said Pravin Kothari, founder and CEO of CipherCloud. “The rapid pace of cloud adoption by organizations requires deep intelligence into cloud threats and real-time protection for data across clouds. We are making this investment to go deeper into cloud visibility and security given the clear demand.”