Imperva (NASDAQ: IMPV), a global provider of cybersecurity solutions on-premises, in the cloud, and across hybrid environments, has signed an agreement to acquire Prevoty. According to a recent Forrester report, “Prevoty leads the pack with robust attack detection, response, and visibility” while extending Imperva’s reach into the DevOps market. The transaction is valued at $140 million in cash and is expected to close in the third quarter of fiscal 2018.
The combination of Imperva and Prevoty would expand customers’ security capabilities and their visibility into how applications are accessed, what happens within the applications, and how applications and users interact with data. With this expanded view across their business assets, Imperva stated that its customers will have deeper insights to help them understand and mitigate security risk.
“The acquisition is expected to advance our hybrid security strategy and further our mission to deliver best-in-class cyber security solutions,” said Chris Hylen, president, and CEO of Imperva. “Prevoty complements current Imperva application and data security offerings. When combined with our on-premises and cloud products, it will help businesses better protect themselves from attacks, prevent breaches and monitor security across their digital business. Combined with Imperva insights offerings, Prevoty will further help to identify the true risks to customers’ application services.”
Prevoty will enable customers using agile development to natively build security into their applications, extending Imperva’s reach into the DevOps market. Prevoty would combine the rich, detailed context of the application itself with an easy-to-deploy security solution that integrates seamlessly into continuous integration and continuous deployment life cycles.
“Our team is excited to join Imperva, a company with a long track record of cybersecurity leadership and innovation,” said Julien Bellanger, CEO of Prevoty. “We believe that the combination of our solutions with Imperva’s portfolio of products will allow us to jointly create the gold standard in technology for application and data protection for organizations everywhere.”
Imperva has extended employment offers to all Prevoty employees and looks forward to them joining the team. Prevoty’s Los Angeles office will become an Imperva location.