Blue Coat Systems Acquires Elastica
Blue Coat Systems as recently announced its agreement to acquire Elastica , Inc. for $280 million.
Because of the unprecedented rate with which cloud applications have been adopted, there is also an unprecedented necessity for increased security and protection for such applications. Due to the mixed use of cloud and on premise applications, Blue Coat Systems has found it difficult to efficiently manage its security. With the addition of Elastica, Blue Coat will be able to offer a global security platform with across the board data level security. This will make Blue Coat the only company to deliver the requirements that resulted from post-infrastructure. By combining the talents of Blue Coat with Elastica’s Cloud Access Security and Analytics, Blue Coat will provide a solution to the problems associated with cloud security requirements. Elastica’s CloudSOC provides tools 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. Elastica delivers such tools through its CASB gateway and API controls for cloud security management and enforcement.
Greg Clark, Blue Coat CEO, has commented: “This acquisition gives Blue Coat customers access to Elastica’s CloudSOC, which brings an unprecedented level of elegance and innovation to something that is rapidly becoming a complex challenge for organizations to solve. As we evaluated many CASB players, it was clear that Elastica’s technologies represent the future of the CASB space. Segmented CASB players have survived through their dependency upon existing on-premise infrastructure. As the industry’s leading web security platform, it is natural for Blue Coat to be the first to deliver an extended spectrum of CASB capabilities while also delivering them with our cloud protection solutions.”
Mike Fey, Blue Coat president and COO, also added, ““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. Corporations are facing a dissolving perimeter. The traditional infrastructure-centric way of protecting users cannot support the cloud age. We have made it our mission to solve this challenge by delivering an entire solution from the cloud, specifically built for the cloud.”