Vectrix, a firm that gives enterprises one-click visibility and management over all their SaaS-based applications, has been bought by CDN provider Cloudflare. Cloudflare’s current Zero Trust technology, Cloudflare One, would be enhanced by Vectrix. It allows security teams to check third-party technologies like Google Workspace, GitHub, and AWS for vulnerabilities including illegal file sharing and user authorization misconfigurations.
Because of the requirement to function more effectively and cooperatively in remote or hybrid work settings, many firms are increasingly employing Software-as-a-Service (SaaS) applications. End-user expenditure on Cloud Application Services (SaaS) is predicted to expand from $174 billion in 2022 to more than $279 billion in 2025, according to Gartner.
This expanded use of SaaS-based applications has added to the workload of security teams, who must now manage security across a variety of applications, each with its own set of configuration settings, user access rules, and monitoring systems. Furthermore, the increasing SaaS footprint raises the possibility of security issues as a result of misconfigured settings, erroneous user access controls, or dissatisfied workers.
IT and security teams may utilize Vectrix to run security scans across their third-party solutions to better discover and address vulnerabilities such as unauthorized user access, file exposure, and misconfigurations, as well as shadow IT. Financial details of this acquisition by Cloudflare were not disclosed.
“Tens of thousands of organizations rely on Cloudflare One’s Zero Trust platform to keep their teams and data secure,” said Matthew Prince, co-founder and CEO of Cloudflare. “Cloudflare’s global network blocks attempts to compromise data at multiple levels while accelerating traffic to the Internet. We’re excited to welcome the Vectrix team to Cloudflare to help deliver the fastest, most secure, and robust Zero Trust platform for the enterprise.”
Cloudflare One Integration
Integrating Vectrix’s API-driven cloud access security broker (CASB) with Cloudflare One would give businesses complete Zero Trust management over data in transit and at rest. Cloudflare’s network security is extended to data stored in SaaS apps with Vectrix, providing companies with a single control plane for the security of their workforce and mission-critical resources.
“Everyone uses SaaS applications, from sending emails to managing HR, but simply ticking the wrong box can leave a business’s critical data exposed,” said Corey Mahan, co-founder and CEO of Vectrix. “By combining Vectrix’s API first approach with the scale of Cloudflare’s Zero Trust platform we’re able to give customers an easy and simple way to control how data from those applications are shared.”