The intended acquisition will allow the provision of broader data protection coverage within in the Zscaler security platform by using Cloudneeti's approach to preventing and remediating application misconfigurations in SaaS, IaaS and PaaS.
Zscaler already provides data protection for SaaS applications with CASB, but Cloudneeti's technology will add consistent and comprehensive data loss prevention in compliance with regulations like GDPR, compliance visibility and violation mitigation across SaaS applications such as Microsoft Office 365 and cloud services including Amazon Web Services and Microsoft Azure, and automated remediations that follow industry and organisationally-defined policies.
“Cloudneeti augments Zscaler’s data protection capabilities and will dramatically improve organisations’ cloud security by discovering and eliminating some of the most common causes of data breaches and compliance violations,” said Zscaler chairman and CEO Jay Chaudhry.
“Whether caused by SaaS applications being configured incorrectly or a developer accidentally misconfiguring a new public cloud application, these preventable data protection lapses are behind some of the biggest breaches in history. I am thrilled to welcome the Cloudneeti team to the Zscaler family.”
Cloudneeti founder and CEO Gururaj Pandurangi said “Pravin [Kulkarni, Cloudneeti's COO] 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.
“Cloudneeti was built in the cloud for the cloud, which is why Zscaler is such an exciting technological and cultural fit for the team. We are excited to be working with Zscaler to provide market-leading security assurance to help customers accelerate their digital transformation journey.”
The transaction is expected to close before the end of Zscaler’s fiscal third quarter, subject to customary conditions. The terms of the transaction were not disclosed.