| Executives March 15, 2021
March 15, 2021
By Jim Dolce
Today Lookout announced that we’ve acquired CipherCloud, a leading cloud-native security company that operates in the emerging Secure Access Service Edge (SASE) market. The combination will create the industry’s first company capable of providing an integrated endpoint-to-cloud security solution.
CipherCloud has pioneered delivery of cloud security to businesses. The company offers solutions that span several developing categories, including Cloud Access Security Broker (CASB), Zero-Trust Network Access (ZTNA), Secure Web Gateway (SWG) and Data Loss Prevention (DLP). Together these solutions deliver comprehensive visibility, data security, threat protection, and compliance for cloud-based applications. Many of the world’s largest global enterprises and government institutions protect and secure their cloud information with CipherCloud today.
Our two organizations share a passion for accelerating cloud adoption with cloud-native solutions that secure mission-critical data. By combining Lookout's market-leading Mobile Endpoint Security with CipherCloud’s SASE technologies, we're now in a unique position to deliver the industry’s first end-to-end protection platform that secures the entire data path from endpoint to cloud.
The need for an integrated endpoint-to-cloud security solution is accelerated by several factors including the proliferation of remote users, the adoption of cloud applications, data transitioning out of the corporate data center into the cloud, and more network traffic flowing to public cloud services. To tackle the security challenges posed by these unstoppable trends, businesses need a unified platform that can track activity and enforce policies across the entire data path – from the endpoint device to the cloud-based application. With the signals and control points needed to stop zero-day attacks scattered across the entire end-to-end path, only a fully integrated solution can close the gaps exposed by multiple point products sourced from separate security vendors.
The integration of our technologies will remove friction, increase usability and convenience, enable user freedom and reduce operations cost when compared to a collection of siloed, one-off solutions. The integrated Lookout platform will empower a growing number of businesses to securely deliver mission-critical applications to users anywhere they want to work.
Joining forces with CipherCloud is the next phase of our expansion in the enterprise market, extending our reach from the endpoint into the cloud where the applications and data reside. Through this combination, we'll deliver endpoint-to-cloud security by tying together elements of our individual solutions into a single cloud-delivered offering.
Gartner forecasts that over the next five years, the SASE market will grow at a CAGR of 42%, reaching almost $11 billion by 2024. 1 With both companies aligned squarely behind the shift to cloud infrastructure, we’re in a unique position to create a compelling advantage for our customers.
We plan to leverage our mobile leadership, comprised of millions of installed endpoints across thousands of customers, to differentiate from our competitors. We’re confident that endpoint-to-cloud connectivity will remain a top IT priority as a large portion of the global workforce continues working remotely even as the pandemic subsides. Together we'll move faster with more impact in a way that we would be unable to do on our own.
I couldn’t be more excited to welcome the CipherCloud team to Lookout. Just wait and see where we go from here.
Click here to read the acquisition news release.
Register for the webinar: On March 24, 2021 at 11:30 AM EDT, Aaron Cockerill, Lookout Chief Strategy Officer, and Sundaram Lakshmanan, Chief Technical Officer, SASE Products, will present the integration strategy. Click here to register.
1 Gartner, Forecast Analysis: Gartner’s Initial Secure Access Service Edge Forecast, 26 August 2020
Jim Dolce CEO