Blue Coat, a market leader in enterprise security has agreed to acquire Elastica, a cloud security startup for $280 million. By combining Blue Coat’s on- and off-premise threat defense and cloud data protection with Elastica’s Cloud Access Security and Analytics, Blue Coat aims to deliver the requirements expected of cloud security today.
Elastica’s CloudSOC provides unique capabilities such as threat scoring powered by machine learning, user and end-point behavior modeling, natural language-based cloud DLP, and analysis with remediation in a cloud application SOC. The Elastica CloudSOC will fortify the already strong cloud capabilities of the Blue Coat Security Platform which addresses evolving network, security and cloud requirements with five solutions that work equally well across on premise and cloud managed environments, said Bluecoat.
In addition, Blue Coat said that it has invested over $500 million in organic and inorganic development in recent years.
Mike Fey, Blue Coat president and COO
Our customers cannot tolerate a world where the performance and security of cloud applications are spread across a tangled web of solutions leaving them powerless to manage the threat and deliver the SLA which their users have come to expect.
Rehan Jalil, CEO and founder of Elastica
Given the rapid acceleration of cloud adoption, our holistic data science-powered approach to cloud access security will enhance Blue Coat’s globally deployed security platform, empowering its customers to confidently and securely take advantage of the speed and agility that cloud applications offer.
