Lookout and CipherCloud Together are Ready to Redefine Security from Endpoint to Cloud
In the current event, Lookout, Inc announced that it had acquired CipherCloud. Lookout, Inc is a leading cybersecurity company. It is now joining hands with CipherCloud, a leading cloud-native security company, operates in the emerging Secure Access Service Edge (SASE) market. They both blaze a new path together to combine and create an integrated endpoint-to-cloud security solution. By this combination, Lookout will be in a unique position to deliver the industry's first end-to-end platform that will secure an organization's entire data path from an endpoint to the cloud. This will later empower customers with a single source of unified policies and provide end-to-end security to accelerate their digital transformation.
CipherCloud solutions are related to several developing SASE categories. This includes Secure Web Gateway (SWG), Zero-Trust Network Access (ZTNA), Cloud Access Security Broker (CASB), and Data Loss Prevention (DLP). Together these solutions will deliver data security, comprehensive visibility, threat protection, and compliance for cloud-based applications. Familiar to this, CipherCloud has already been providing services to many of the world's largest global enterprises and government institutions seeking protection and security through cloud technology.
The purpose of this integrated endpoint-to-cloud security solution is accelerated by the adoption of cloud applications, proliferation of remote users, data transitioning of the corporate data center into the cloud, and more network traffic flowing to public cloud services. To tackle the security challenges caused by the above trends, businesses in this industry need a cohesive platform that can track activity and enforce policies from the endpoint device to cloud-based applications. And the need to stop zero-day attacks on data information across the entire end-to-end path, this integrated solution can fill the gaps immediately, keeping all information secured in one place.
Jim Dolce, CEO of Lookout, highlights this acquisition. Gartner forecasts that the SASE market will nurture at a CAGR of 42% over the next five years and would reach almost $11 billion by 2024. With the acquisition of CipherCloud, Lookout is head-on with the transformation to cloud infrastructure and is in a unique position to deliver value to its customers.
Besides all, the integration of CipherCloud and Lookout technologies will also remove friction, augment usability and convenience, enable user freedom and reduce operational costs compared to a collection of siloed point products. The integrated Lookout platform will authorize a growing number of businesses to deliver critical applications to users working anywhere securely.
Jim Dolce, CEO, Lookout, puts his words expressing his version about this acquisition. He says that "We couldn't be more excited to welcome the CipherCloud team to Lookout. Our two organizations share a common passion for accelerating cloud adoption with cloud-native solutions that secure critical data." Joining hands with CipherCloud is the next phase of our enterprise market expansion. By this, we will be extending our reach from endpoint into cloud, where the applications and data reside. Through this combination, we will deliver endpoint-to-cloud security by keeping elements of our solutions together into a single cloud-delivered offering."
Apart from this, Pravin Kothari, Founder, and CEO, CipherCloud, also speaks, "as a pioneer of the Cloud Access Security Broker market, CipherCloud has allowed organizations worldwide to achieve their digital transformation. Today, we take the exciting next step on the road to SASE by integrating our strengths with Lookout to deliver endpoint-to-cloud security for the modern workforce."