Cisco Acquires Kubernetes-Native Security Platform Portshift
Cisco this week announced plans to acquire Kubernetes-native security platform Portshift.
Founded in 2018 and based in Tel Aviv, Israel, Portshift focuses on providing security for Kubernetes and containers, and takes an agentless approach to delivering vulnerability protection across images, containers, and deployments. To date, the company has raised $5.3 million.
The acquisition, Cisco says, falls in line with its approach to ensure that applications, devices, and users leverage secure connections regardless of where they are; and to bring developers, security and infrastructure teams, and operations and SRE teams closer.
The company also notes that the transaction should help it achieve the goal of delivering visibility and actionable insights to customers, and a simplified consumption model that includes cloud-first Secure Access Service Edge (SASE) capabilities, while supporting its commitment to open source and open standards.
“Today, the application security space is highly fragmented with many vendors addressing only part of the problem. The Portshift team is building capabilities that span a large portion of the lifecycle of the cloud-native application,” Cisco said.
Portshift’s 15-member team will bring to Cisco expertise in cloud-native application security, containers, and Kubernetes, thus helping with the delivery of improved security for all phases of the application development lifecycle, the company says.
The acquisition is expected to close in the first half of Cisco’s fiscal year 2021, with the Portshift team joining Cisco’s ET&I group. Terms of the deal were not disclosed, but market sources suggest it could be worth approximately $100 million.