A late-stage SASE startup led by a serial entrepreneur hauled in a massive equity investment to address the feature and capability needs of large enterprises. The $238 million in funding will allow Cato Networks to more tightly align CASB and DLP with SASE to safeguard cloud apps and sensitive data.
Cisco's proposed $28 billion buy of Splunk allows businesses to move from threat detection and response to threat prediction and prevention by combining XDR and SIEM. The deal brings together Cisco's newly released XDR platform with Splunk's long-standing SIEM technology.
Netskope purchased a French digital experience management startup to monitor and proactively remediate performance issues across both SD-WAN and SSE. The deal will bring network and application performance visibility to user devices as well as hybrid, SaaS and cloud applications.
Secure access service edge has evolved significantly over the past four years, transforming from a relatively new idea into a well-defined and widely discussed framework for network and security architecture. NetWitness focuses on integration rather than offering a SASE product.
Palo Alto Networks edged out Versa Networks, Cato Networks and firewall rival Fortinet for the top spot in Forrester's first-ever secure access service edge rankings. Leading providers have over the past 18 months built or bought both the networking and security pieces of SASE, Forrester found.
Perimeter 81 will be sold to Check Point for $490 million, but it had to slash its valuation by more than half to seal the deal. Check Point said its proposed buy of New York-based Perimeter 81 will fuel the adoption of secure access across remote users, sites, cloud, data centers and the internet.
A delay in finalizing enterprise deals and a shorter average contract duration have forced Fortinet to lower its sales forecast going forward. The Silicon Valley-based platform security vendor said average contract length shortened from 29.5 months to 28 months in the fiscal quarter ended June 30.
New CEO Scott Harrell wants Infoblox to evolve from classic networking DNS management to bringing networking and security together in ways that optimize protection and efficiency. DNS serves as a building block for security since it is universal across large client devices and small mobile phones.
SMB cybersecurity platform Coro purchased an early-stage Israeli startup to bring network connectivity to its SASE offering for midmarket organizations. Coro said its buy of Jerusalem-based Privatise will give Coro clients a secure way to connect, manage and filter out malicious content.
Francisco Partners plans to split Forcepoint's government and commercial security practices, selling the former to TPG for $2.45 billion. The deal represents an impressive return on investment for Francisco Partners, which bought all of Forcepoint from Raytheon in January 2021 for just $1.1 billion.
A growing number of security teams are looking to consolidate tools to simplify operations, said Gartner analyst Dionisio Zumerle. "When you have the complexity, it's very hard to identify misconfigurations between the different overlapping tools, and it's also hard to identify security gaps."
Buying both the networking and security pieces of SASE from a single vendor will be the predominant long-term approach, given the benefits of tight integration, said Cato Networks CEO Shlomo Kramer. Some three-fourths of Cato clients today get both SD-WAN and security service edge from the company.
Crosspoint Capital Partners has joined Thoma Bravo and others in the take-private cybersecurity spree, agreeing to buy endpoint security vendor Absolute Software for $657 million. The deal will allow Absolute Software to expand from asset visibility and control to endpoint resilience and access.
Complexity has made it tough for organizations to be secure and efficient, which is driving many customers to look at vendor consolidation, said Palo Alto Networks President BJ Jenkins. Organizations that deploy a lot of point solutions are stuck finding a way to make all the products work together.
Continued reliance on legacy VPNs hinders remote work performance and fails to provide users or organizations with zero trust security protection, said Netskope's Sanjay Beri. Companies often start by augmenting their VPNs to enable zero trust network access before moving to full replacement.
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