Zscaler to acquire Seattle based cloud security firm Cloudneeti

Zscaler announced its intention to acquire Cloudneeti. The financial terms of the transaction were not disclosed.

Founded in 2017, Washington headquartered Cloudneeti is cloud security and compliance assurance company. Cloudneeti secured $300,000 to date, according to CrunchBase. As a part of the most innovative firm in the $35 billion security market, Zscaler is used by more than 5000 major organizations, which even includes the Fortune 500 companies.

Zscaler intends to leverage Cloudneeti's capabilities to fix infrastructure and other platform misconfiguration. The acquisition will also allow Zscalar to extend its data protection for software services applications to public cloud workloads.

Executive Opinion

Chairman, and CEO of Zscaler, Jay Chaudhry,  said, "Cloudneeti augments Zscaler’s data protection capabilities and will dramatically improve organizations’ cloud security by discovering and eliminating some of the most common causes of data breaches and compliance violations. Whether caused by SaaS applications being configured incorrectly or a developer accidentally misconfiguring a new public cloud application, these preventable data protection lapses are behind some of the biggest breaches in history. I am thrilled to welcome the Cloudneeti team to the Zscaler family."

Founder and CEO of Cloudneeti, Gururaj Pandurangi, said, "Pravin and I founded Cloudneeti with a vision to end breaches and compliance violations that are caused by entirely preventable misconfigurations as applications move to the cloud. Cloudneeti was built in the cloud for the cloud, which is why Zscaler is such an exciting technological and cultural fit for the team. We are excited to be working with Zscaler to provide market-leading security assurance to help customers accelerate their digital transformation journey."

Zscaler to expand Cloud Data Protection Capabilities

Zscaler would integrate Cloudneeti security posture management tools into its existing cloud security platform. The intended acquisition of Cloudneeti will help Zscaler to expands its data protection to public cloud workloads.

Cloudneeti’s capabilities will strengthen the data protection capabilities of Zscaler Internet Access (ZIA) and Zscaler’s out-of-band Cloud Access Security Broker (CASB), notes the announcement.

The transaction is expected to close by the end of May 2020.