Zscaler Announces Intent to Acquire Cloudneeti
“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,” 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,” said
Fully Cloud-Delivered Service Improves Zscaler Customers’ Cloud Data Protection
Zscaler Cloud Security Platform was built from the ground up to help organizations deliver world-class security and a great experience as they embrace digital transformation.
- Complete Data Protection and Exposure Prevention: Data protection policies apply across locations, users and application types to ensure consistent and comprehensive data loss prevention in compliance with regulations like GDPR.
- Unified Compliance Assurance: A single platform that provides compliance visibility and violation mitigation across SaaS applications like Microsoft Office 365 and cloud service providers including
Amazon Web Servicesand Microsoft Azure to ensure government laws and industry regulations are followed.
- Automated Risk Reduction: Automated remediations that ensure cloud applications are not vulnerable to outside threats by following industry and organizationally-defined policies.
Gartner writes, “Through 2024, organizations implementing a CSPM offering and extending this into development will reduce cloud-related security incidents due to misconfiguration by 80%.”1 Cloudneeti also vastly improves compliance assurance and reporting - a constant and complicated pain point for CIOs and their organizations. Cloudneeti’s CSPM capabilities prevent application misconfigurations and compliance violations by checking SaaS, IaaS, PaaS, and cloud provider configurations, comparing them to industry and organizational policies to report on violations, and automating remediation with the help of machine learning.
Cloudneeti’s capabilities strengthen the data protection capabilities of Zscaler Internet Access (ZIA) and Zscaler’s out-of-band Cloud Access Security Broker (CASB). Cloudneeti expands application protection capabilities in Zscaler Private Access (ZPA) by allowing developers to find and automatically correct misconfigured applications and compliance violations in cloud service provider environments.
For more information, visit the Zscaler Data Protection website.
The transaction is expected to close prior to the completion of Zscaler’s fiscal third quarter subject to the satisfaction of customary closing conditions. Terms of the transaction were not disclosed.
This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. These forward-looking statements include our intention to acquire Cloudneeti, the timing of when the acquisition will be completed and the expected benefits of the acquisition to Zscaler’s product offerings and to our customers. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully integrate Cloudneeti technology into our cloud platform and our ability to retain key employees of Cloudneeti after the acquisition. Additional risks and uncertainties are set forth our most recent Quarterly Report on Form 10-Q filed with the
1 Gartner, Innovation Insight for Cloud Security Posture Management, Gartner,
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Source: Zscaler, Inc.