Crosspoint Capital Partners has joined Thoma Bravo and others in the take-private cybersecurity spree, agreeing to buy endpoint security vendor Absolute Software for $657 million. The deal will allow Absolute Software to expand from asset visibility and control to endpoint resilience and access.
Complexity has made it tough for organizations to be secure and efficient, which is driving many customers to look at vendor consolidation, said Palo Alto Networks President BJ Jenkins. Organizations that deploy a lot of point solutions are stuck finding a way to make all the products work together.
Continued reliance on legacy VPNs hinders remote work performance and fails to provide users or organizations with zero trust security protection, said Netskope's Sanjay Beri. Companies often start by augmenting their VPNs to enable zero trust network access before moving to full replacement.
CISOs have gone from complaining that they don't get enough time and attention from the board of directors to presenting to the board every quarter, said Zscaler CEO Jay Chaudhry. Conversations with CIOs or boards tend to focus on what architectural changes can be made to reduce business risk.
Small and midsize businesses need proactive measures to ensure security just as much as any large organization. But challenges abound for SMBs as they struggle with a smaller staff and budget constraints, making them more vulnerable to cyberattacks, said SonicWall President and CEO Bob VanKirk.
The way we secure workloads today is vastly different due to remote work and the move to the cloud following the pandemic. More modern SASE solutions such as zero trust have been adopted, and organizations are moving from legacy such as MPLS to software-defined networking and cloud-based solutions.
ChatGPT is "amazing" and "has reformed the way we interact with computing," says Nikesh Arora, chairman and CEO of Palo Alto Networks. But to get value from AI and to use it to make the SOC more proactive, we need to have a lot of data - and pay attention to what it's telling us, he says.
Cradlepoint has bought seasoned Israeli security veteran Ericom Software to bring SASE, zero trust and cloud security to hybrid 5G and wireline environments. The deal will help Cradlepoint's SASE and zero trust technology portfolio cover fixed-site, remote worker, in-vehicle and IoT use cases.
Platform players such as Cisco and Palo Alto Networks and pure-play vendors such as Lookout and Versa Networks top the first-ever vendor evaluation of the SASE market. Versa edged out Palo Alto Networks in product leadership, and Cisco was a distant third, the KuppingerCole Leadership Compass found.
Zscaler has axed nearly 180 workers after more deliberation from new customers around large purchasing decisions led to reduced billings growth. The company revealed plans to cut its 5,900-person staff by roughly 3% - or about 177 positions - as it adapts to a more challenging business environment.
Hewlett Packard Enterprise will soon offer clients single-vendor SASE after agreeing to buy a security service edge startup founded by a Symantec security researcher. HPE will combine the cloud, web and data security technology acquired from Axis Security with its SD-WAN tool from Silver Peak.
Forcepoint's new Security Service Edge offering allows clients to apply access, threat or data loss protection policies across all channels as soon as they're implemented. The firm long offered DLP, SD-WAN, SWG and CASB tools, but the lack of full integration made it tough to apply unified policies.
Open Systems has split its MDR and SASE businesses into separate divisions with unique executive teams to help each optimize its engineering stack and selling motion. The 300-person MDR division will be known as Ontinue and led by Geoff Haydon, who had served as Open Systems CEO since February 2021.