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Qualys boosts its SaaS Portfolio with Acquisition of Adya

Qualys boosts its SaaS Portfolio with Acquisition of Adya

Qualys announced that it has acquired San Francisco based cloud security startup Adya. The financial terms of acquisitions are not disclosed.

Qualys is a provider of cloud-based security and compliance solutions while Adya helps enterprises in managing and security their Software-as-a-Service (SaaS) applications.

Adya brings in cloud capabilities like visibility into cloud security & compliance, a central administrative console for cloud applications, license Management for SaaS apps to manage cost and finally, pre-built custom reports for auditing and reporting purpose.

Executive opinion

Chairman and CEO, Qualys, Philippe Courtot, said, “Enabling security and compliance audits of SaaS applications is becoming critically important as enterprises increasingly rely on cloud-based software to accelerate their digital transformations. Adya has built an impressive solution that addresses this issue by bringing SaaS application administration, licensing, security and compliance into a single-pane view, and delivering comprehensive reports for auditors and stakeholders. We welcome them to the Qualys family.”

Co-founder and Chief Technology Officer, SaaS Security, Adya, Deepak Balakrishna said, “Qualys is a pioneer that saw the market move to cloud-based subscription services over 15 years ago. We are excited to be part of this great company, and to scale the efficiencies of Cloud Application Management by integrating Adya’s solutions into the Qualys Cloud Platform.”

Acquisition Focus

With this acquisition, Qualys intends to provide the ability to consolidate the administration of their Software as a Service (SaaS) applications into one console, manage license costs across SaaS applications, set and enforce security policies in one place and report and audit on all activity with a single tool, the announcement said.

Qualys plans to bring all newly acquired cloud capabilities fully integrated into Qualys Cloud Platform in Q3 2019.

The announced further noted that Adya co-founders Deepak Balakrishna as Chief Technology Officer, SaaS Security and Amit Agarwal as VP Engineering, SaaS Security, will join Qualys.

Update:typo correction
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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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