McAfee has entered into a definitive agreement for acquiring Skyhigh, a company specializing in securing cloud environments, for an undisclosed amount. The move comes less than eight months after McAfee established itself as one of the world’s leading pure-play cybersecurity companies, dedicated to being the preferred cybersecurity partner to customers.
Skyhigh Networks and McAfee will complement each other’s portfolio and mission, allowing customers to modernize their cybersecurity environments and protect their data as it moves to the cloud. The combination of McAfee and Skyhigh will establish the leading company to provide the cybersecurity architecture of the future, with endpoint and cloud as the critical control points, linked by the security operations center with actionable threat intelligence, analytics and orchestration, and enabled by an open ecosystem.
On the organizational front, Skyhigh’s existing organizational structure will remain generally intact, ensuring continuity for customers and partners. However, Rajiv Gupta, CEO of Skyhigh Networks, will join McAfee’s CEO, Chris Young’s leadership team to run McAfee’s new cloud business unit. Skyhigh will benefit from McAfee’s global scale and integrations to McAfee’s broad and deep product portfolio to even better protect customers.
“Skyhigh Networks had the foresight five years ago to realize that cybersecurity for cloud environments could not be an impediment to, or afterthought of, cloud adoption,” said Young. “They pioneered an entirely new product category called cloud access security broker (CASB) that analysts describe as one of the fastest growing areas of information security investments of the last five years – where Skyhigh continues to innovate and lead. Skyhigh’s leadership in cloud security, combined with McAfee’s security portfolio strength, will set the company apart in helping organizations operate freely and securely to reach their full potential”, added he.
Gupta of Skyhigh said, “Becoming part of McAfee is the ideal next step in realizing Skyhigh Networks’ vision of not simply making the cloud secure, but making itthe most secure environment for business”. “McAfee will provide global scale to further accelerate Skyhigh’s growth, with the combined companyprovidingleading technologies and solutions across cloud and endpoint security –categories Skyhigh and McAfeerespectively helped create, and the two architectural control points for enterprise security”, explained Gupta.
Skyhigh Networks’ innovative portfolio provides complete visibility into content, context, and user activity across SaaS, PaaS and IaaS environments; leads the market in advanced controls and automation to correct policy violations in cloud services; leverages data science and network effects across billions of events to identify and stop threats; applies protection to data that persists in the cloud or outside the cloud; and delivers an extensible platform for cloud providers to enable Skyhigh controls for their SaaS applications, and enterprises to enable controls for custom applications developed in-house.