{"id":676,"date":"2017-11-30T23:44:13","date_gmt":"2017-11-30T23:44:13","guid":{"rendered":"http:\/\/gt-host.com\/wpen\/?p=676"},"modified":"2017-11-30T23:44:13","modified_gmt":"2017-11-30T23:44:13","slug":"676","status":"publish","type":"post","link":"https:\/\/gt-host.com\/wpen\/2017\/11\/30\/676\/","title":{"rendered":""},"content":{"rendered":"
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Deal is the first acquisition made by McAfee after their separation from Intel.<\/p>\n<\/div>\n

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Months after their separation from Intel, firewall giants McAfee have acquired cloud security startup Skyhigh Networks. Sources say that this deal is a ploy to beef up McAfee\u2019s cloud security and add more clients to their roster. The cost of acquisition was not announced but estimates pegged Skyhigh\u2019s valuation at USD 400M, with the startup having raised over USD 106M in a series- D round of funding from Sequoia, Greylock and Salesforce last year.<\/p>\n

Reflecting on the acquisition, Chris Young, CEO of McAfee commented:<\/p>\n

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Skyhigh Networks had the foresight five years ago to realize that cybersecurity for cloud environments could not be an impediment to, or afterthought of, cloud adoption. They pioneered an entirely new product category called cloud access security broker (CASB) that analysts describe as one of the fastest growing areas of information security investments of the last five years \u2013 where Skyhigh continues to innovate and lead. Skyhigh\u2019s leadership in cloud security, combined with McAfee\u2019s security portfolio strength, will set the company apart in helping organizations operate freely and securely to reach their full potential.<\/p>\n<\/blockquote>\n

Sources also speculate the chances of McAfee investing in Skyhigh\u2019s business since all is quiet on the funding front.<\/p>\n

Echoing the views of CEO Young, Skyhigh CEO Rajiv Gupta said:<\/p>\n

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Becoming part of McAfee is the ideal next step in realizing Skyhigh Networks\u2019 vision of not simply making the cloud secure, but making it the most secure environment for business. McAfee will provide global scale to further accelerate Skyhigh\u2019s growth, with the combined company providing leading technologies and solutions across cloud and endpoint security \u2013 categories Skyhigh and McAfee respectively helped create, and the two architectural control points for enterprise security.<\/p>\n<\/blockquote>\n

Readers feel that the nature of this deal is in line with the current trend of consolidation where a bigger fish is acquiring smaller counterparts in the ecosystem to provide more services under one umbrella. The deal is set to be sealed after a regulatory approvals and clearances.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Deal is the first acquisition made by McAfee after their separation from Intel. Months after their separation from Intel, firewall giants McAfee have acquired cloud security startup Skyhigh Networks. Sources say that this deal is a ploy to beef up McAfee\u2019s cloud security and add more clients to their roster. The cost of acquisition was not announced but estimates pegged Skyhigh\u2019s valuation at USD 400M, […]<\/p>\n","protected":false},"author":2,"featured_media":647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/posts\/676"}],"collection":[{"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/comments?post=676"}],"version-history":[{"count":1,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/posts\/676\/revisions"}],"predecessor-version":[{"id":677,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/posts\/676\/revisions\/677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/media\/647"}],"wp:attachment":[{"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/media?parent=676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/categories?post=676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gt-host.com\/wpen\/wp-json\/wp\/v2\/tags?post=676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}