Blue Coat to Acquire Cloud Security Vendor Elastica
The deal will enable Blue Coat to expand its own secure Web gateway aspirations with the addition of Elastica's cloud application security broker technology.The market for cloud application security broker (CASB) technologies is red hot, as organizations of all sizes come to terms with how to secure cloud application usage. As evidence of how hot the market is, today Blue Coat announced its plans to acquire CASB vendor Elastica for $280 million. The acquisition of Elastica marks the second CASB vendor to be acquired in the last three months. Adallom was acquired by Microsoft for $320 million in September. Just last week, Cisco announced its own cloud access security offering, which includes a reseller agreement with Elastica. The reason Blue Coat decided to buy Elastica rather than build its own CASB technology has to do with maturity and time to market. "Elastica has such a technology lead in this space that to continue with our own development or to even acquire some of the other players in this space would represent a significant technology deficit compared to what Elastica already has in production," Mike Fey, president and chief operating officer, told eWEEK.
The Elastica CloudSOC (Security Operations Center) enables organizations to deploy a true data platform allowing for advanced analytics and machine learning to deliver on the requirements of the CASB space, Fey said. The CASB technology enables organizations to get visibility and control over cloud application usage. He added that Elastica's technology provides a flexible approach to cloud security.