Guardicore

Guardicore is a cybersecurity company that offers microsegmentation solutions to businesses to reduce the potential perimeter of corporate network attacks, protect applications, and meet standards.

History

2021: Akamai Technologies bought Guardicore for $600 million

At the end of September 2021, the cloud company and content delivery network provider Akamai Technologies entered into a deal for $600 million to acquire the Israeli company Guardicore. This deal will help Akamai Technologies increase its portfolio of IT security solutions.

The possibility of microsegmentation of Guardicore limits access for users only to those applications, it is authorized to them to interact with each other, and provides deep visibility of streams in the data-processing centers (DPC) and cloudy applications. This, according to experts from Akamai Technologies, will allow earlier detection of potential security violations or other threats and adds another level of protection that can help stop the spread of malware. The deal is expected to close in the fourth quarter of 2021, and Guardicore's revenue in fiscal 2022 will be $30- $35 million.

Akamai Technologies acquired Guardicore for $600 million

Adding Guardicore's leading micro-segmentation products to Akamai's vast portfolio of zero-confidence solutions, we believe Akamai will be able to provide the most effective way to combat ransomware viruses in the modern market, "said Tom Leighton, CEO and co-founder of Akamai Technologies.

Earlier, in October 2020, Akamai Technologies acquired Asavie, a company specializing in mobile, IoT and security solutions, to expand its list of security and device management services.

Raymond James analysts noted that the Guardicore product is well suited to the security services market, which they believe is still fast growing. They added that they expect zero confidence architectures to show strong growth in the medium and long term and that this deal will be a good incentive for business growth.

Increased protection against malware and ransomware viruses occurs after a recent surge of such. attacks According to a recent company report, in the McAfee first quarter of 2021, the number of malicious threats ON reached 688 per minute, and attacks are increasingly aimed at technological, educational, financial and insurance organizations. Among high-profile incidents using ransomware viruses in 2021, attacks on, and, Colonial Pipeline Accenture Acer the Washington Police Department and Kaseya the IT services company.^[1]

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