Deloitte has acquired all of the assets of CloudQuest, a Cupertino, California-based cloud security posture management (CSPM) provider. By acquiring CloudQuest, Deloitte aims to bolster their existing cloud cybersecurity products. CloudQuest’s cloud-native security capabilities would allow Deloitte’s clients to manage security workflows more seamlessly, minimize risk, and increase data protection.
“While the global pandemic slowed some things, it didn’t slow cloud migration or cloud reliance for the vast majority of organizations,” said Vikram Kunchala, Deloitte Risk & Financial Advisory Cyber Cloud leader and principal, Deloitte & Touche. “As organizations work to build or advance their security postures for cloud or hybrid-cloud environments, we’re expanding and diversifying our services and solutions portfolio to help our clients continuously monitor, prevent and remediate cybersecurity threats.”
It marks Deloitte’s second cyber acquisition in 2021 – following the acquisition of cyber threat hunter Root9B. It would demonstrate the firm’s commitment to assisting clients in threat intelligence and managing evolving cybersecurity challenges.
“We see incredible opportunity in novel approaches that help organizations securely transform and operate while also realizing competitive advantage – and we’re continually investing to bring the most innovative solutions to our clients,” said Deborah Golden, Deloitte Risk & Financial Advisory Cyber and Strategic Risk leader and principal, Deloitte & Touche. “Our acquisition of CloudQuest represents our profound commitment to transforming alongside our clients, competing vigorously in the market, and aggressively building out tech-enabled approaches that position Deloitte cyber as an unquestionable business enabler.”
“Joining Deloitte will enable us to expand our capabilities, helping organizations protect against the next generation of security threats, promote continued innovation and agility, and foster more efficient cloud security capabilities,” said Vijay Sarathy, co-founder and CEO of CloudQuest. “This new chapter is one that my co-founders Ramesh Menon, Nishan Sathyanarayan and I always hoped to achieve, as we worked to help those in the cloud accelerate their cybersecurity efforts.”