Enterprise security firm Blue Coat Systems, Inc. has acquired CASB app/cloud security firm Elastica, Inc. for $280 million. Elastica, provides threat analysis and remediation of cloud applications had raised $36 million from Third Point Ventures, the Mayfield Fund, BYU Cougar Capital, and Pelion Venture.
Founded in 2012, Elastica claims to be the leader in data science-powered cloud application security with services through its Elastica CloudSOC platform allowing clients to leverage cloud and SaaS applications while staying “safe, secure and compliant.”
The core platform is said to enable a full life cycle of visibility and security for cloud and SaaS applications being used by a company, combined with an audit app that uncovers shadow IT and highlights risks caused by cloud apps used by employees.
Elastica is particularly focused on machine learning, with its Detect App utilizing this functionality to detect intrusions and threats in cloud apps, and its Protect App providing a defense against intrusions and compliance violations in cloud apps. Its Investigate App enables post-incident investigations on historic account activity on cloud apps for enterprise IT compliance, detection, and security.
Blue Coat Chief Executive Officer Greg Clark said in a statement sent to SiliconANGLE. “As we evaluated many CASB (cloud access security broker) players, it was clear that Elastica’s technologies represent the future of the CASB space.”
Blue Coat added that the Elastica CloudSOC will fortify their already strong cloud capabilities through their Security Platform with five solutions that work equally well across on-premise and cloud managed environments:
• Advanced web and cloud security
• Encrypted traffic management
• Advanced threat protection
• Incident response and network forensics
• Network performance optimization
Enterprises are finding that traditional security approaches simply cannot deliver in the cloud generation. Rapid adoption of cloud applications has created unprecedented security risk for the enterprise. Increasingly, enterprise users transact business through cloud-resident applications instead of applications managed by the CIO. The mixed use of cloud and on-premise applications has frustrated the enterprise’s ability to comprehensively manage its security posture. With the acquisition of Elastica, Blue Coat solves this problem, offering a global security platform that provides visibility, control and data-level security across cloud, on premise and hybrid cloud environments, making it the only security company to deliver on the requirements of a post-infrastructure world.
Blue Coat itself was acquired back in March this year for $2.4 billion.
Prior to acquisition, Elastica had raised $36.3 million over two rounds from investors including Mayfield Fund, Pelion Venture Partners, and Third Point Ventures.
Last month, Microsoft acquired Adallom, an Elastica competitor for $320 million. Also last month, Cisco announced plans to acquire Lancope for $452 million in cash and equity.