Zscaler has acquired Edgewise Networks, which specializes in application-to-application communications for public clouds and data centers. Financial terms were not disclosed. Edgewise was privately held and had raised $18 million as of June 2019, the company said at the time.
This is M&A deal number 225 that MSSP Alert and ChannelE2E have covered so far in 2020. See the complete M&A deal list here.
Edgewise Networks' technology verifies the identity of application software, services and processes to achieve a zero trust environment, Zscaler says. In other words, the technology provides so-called east-west network traffic security, therefore lowering the risk of application compromises and data breaches, Zscaler asserts.
Edgewise networks has a partner program, and Zscaler is growing its installed base of MSSP and global service provider partners.
This is Zscaler's second acquisition in recent weeks. The other deal involved acquiring Cloudneeti, a cloud security posture management (CSPM) company. Cloudneeti’s software allows MSPs and software developers to spot misconfigurations across Amazon Web Services (AWS), Microsoft Azure, Office 365 and Google Cloud Platform, and then helps those users to analyze and fix those misconfigures.
Zscaler Acquires Edgewise Networks: Executive Perspectives
In a prepared statement about the deal, Zscaler CEO Jay Chaudhry said:
“Zscaler was founded to innovate security in a cloud-first world. We are disrupting legacy network security, reducing business risk, improving the user experience, and consolidating security point products for our customers. Edgewise is highly innovative technology that enables application segmentation without having to do traditional network segmentation which is often done with virtual firewalls. We are excited to welcome the Edgewise team to the Zscaler family.”
Added Peter Smith, CEO of Edgewise:
“We are proud to have made zero trust security achievable in complex, multi-cloud environments. Our core innovation is the use of software identity verification to simultaneously strengthen security and simplify operation. Edgewise automates the identity-based policies making it easy to reduce the attack surface across public cloud, multi-cloud, data center and even container environments. We are thrilled to join the Zscaler family and share our innovation with the global Zscaler customer base.”
