Cybersecurity company Sophos
has acquired security solutions provider Avid Secure. Sophos, which has headquarters in Abingdon, Oxfordshire, United Kingdom, was established in 1985. Publicly traded on the London Stock Exchange (LSE), the company’s services protect “more than 100 million users in 150 countries”. These services include encryption, endpoint security, web, email, mobile and network security solutions. Its customer base includes major players like Pixar, Xerox, Ford, and Toshiba. Sophos’ acquisition of Avid Secure will enhance its Artificial Intelligence (AI) capabilities. Financial aspects of the deal have yet to be released.
Avid Secure, which has headquarters in San Francisco, California, United States, was established in 2017. The company’s services leverage AI to offer “end to end agentless visibility and compliance across any cloud”. Alongside AI-based security its services include analytics and monitoring, and governance, risk, and compliance automation options. It also provides protection for public cloud services like Amazon Web Services (AWS), Azure and Google Cloud Platform (GCP).
“The accelerated adoption of public cloud environments is presenting new data security challenges to organizations,” suggested Sophos’ Senior Vice President and General Manager of Products, Dan Schiappa in a press release. “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. 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.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.