Palo Alto acquires SaaS security specialist CirroSecure
Move will create 'unparalleled' SaaS application security, vendor says
Enterprise security specialist Palo Alto Networks has acquired CirroSecure, a Silicon Valley-based company that secures SaaS applications.
According to Palo Alto, the rationale behind the acquisition is add CirroSecure's functionality to the company's platform, providing additional security for SaaS applications such as Box, Dropbox, GitHub, Google Drive and salesforce.com. Palo Alto said that many of these applications are highly collaborative, yet they often store organisations' most sensitive data, meaning extra precautions need to be taken to protect them.
"The acquisition of CirroSecure brings unique technology and talent to Palo Alto Networks. Their exceptional SaaS security technology expands the capabilities of our proven platform already in use by more than 24,000 customers worldwide," said Lee Klarich, senior vice president of Product Management at Palo Alto Networks.
"We enable organisations to embrace SaaS as an extension of their IT infrastructure without security concerns and this addition further strengthens the reach and power of our enterprise security platform."
Palo Alto claimed that, until now, tools haven't existed to effectively manage and secure SaaS applications. It said that the CirroSecure technology, however, offers a differentiated approach to securing these applications by providing visibility across all user, folder, and file activity while applying deep analytics into day-to-day usage to quickly determine if any policy or data security violations have occurred.
These violations are prevented through the use of granular, context-aware policies that allow organisations to quickly quarantine users and data as soon as a violation has occurred to prevent loss of sensitive data, Palo Alto said.
Integrating CirroSecure's technology into Palo Alto's platform would provide "unparalleled" SaaS application security, claimed Nishant Doshi, CTO of CirroSecure.
"Reducing risk in SaaS applications is an essential cornerstone of securing enterprise IT infrastructures of the future," he said.
"We are thrilled to join Palo Alto Networks; they are the clear leaders in the enterprise security market with a game-changing platform designed for the modern and agile computing environment."
Financial details of the acquisition were not disclosed. However, Palo Alto said that CirroSecure's technology would be available in the second half of 2015 as a subscription-based service forming an integral part of its enterprise security platform.