Sophos Acquires Cloud Security Firm Avid Secure
Network and endpoint security firm Sophos on Tuesday announced the acquisition of Avid Secure, a San Francisco-based company specializing in protecting public cloud environments.
Avid was only founded in August 2017 by Ganesh Krishnan, Nikhil Gupta, Deepak Yadav, and Praneet Khare. They previously worked as security practitioners and leaders at organizations such as Yahoo, McAfee, LinkedIn, VMware, ForeScout, Cisco and Atlassian.
Avid provides solutions that combine AI and automation to help organizations simplify security, governance and compliance in their cloud environments.
“The accelerated adoption of public cloud environments is presenting new data security challenges to organizations. With the cloud workload protection and the cloud security posture management software from Avid Secure, Sophos will expand its current capabilities in cloud security and drive leadership in this growing space,” said Dan Schiappa, senior vice president and general manager of Products at Sophos.
“We welcome the Avid Secure team to Sophos and are excited to bring their transformational technology into our portfolio, strengthening our ability to offer the best protection for our customers’ data on endpoints and networks, wherever their services are hosted,” Schiappa added.
Financial terms of the deal have not been disclosed.
Sophos has acquired a significant number of companies, including ActiveState, Utimaco (for $314 million), Astaro, DIALOGS, Cyberoam, Mojave Networks, Surfright (for nearly $32 million), Barricade IO, and Invincea (for $120 million).