Enterprise security vendor, Blue Coat Systems, has acquired enterprise Cloud data protection company, Perspecsys.
The company said, in a statement, that this acquisition would enable Blue Coat to significantly expand its Cloud security offerings while enhancing its hybrid Cloud portfolio. It claimed the expanded portfolio positions the company within the Cloud Access Security Broker (CASB) segment and enables it to move into the data protection within Cloud applications space.
Blue Coat president and chief operating officer, Mike Fey, said the acquisition enables Blue Coat to offer the industry's widest range of CASB capabilities within its Secure Web Gateway portfolio.
"Together, Perspecsys and Blue Coat can deliver a solution for protecting data in an era of user-led Cloud application consumption, enhancing security for corporate-approved Cloud applications and services," he said.
"CASBs have become the primary means of layering security onto Software as a Service (SaaS) applications and Industry analysts predict substantial growth for this space over the next five years. As SaaS deployments continue to increase, this technology will become an essential component of enterprise data and Cloud security."
Blue Coat CEO, Greg Clark, claimed as dependency on Cloud applications grows, enterprises are faced with a number of issues regarding data privacy, compliance and security and these concerns can be an inhibitor to the adoption of Cloud applications for many organisations.
"Given that more than 50 percent of our customers are based overseas, and as we look to expand our vision for Cloud protection, we are paying close attention to the needs of multinationals that reside or are doing business in geographies with strict compliance and data sovereignty requirements.
"Perspecsys' Cloud Data Protection platform solves the key business risks associated with data compliance, privacy and security for enterprises as they move to adopt Cloud-based applications," he said.
Perspecsys CEO, David Canellos, said the company is excited to be joining forces with Blue Coat.
"Enterprises want to buy this class of solution from Blue Coat and Perspecsys' Cloud Data Protection is a natural complement to Blue Coat's widely recognised portfolio of Cloud and proxy technologies," he added.
Source: ARN Australia
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