Menlo Security, an industry leader of Secure Enterprise Browsers, announced the acquisition of Votiro, a data and file security platform that specializes in advanced Content Disarm & Reconstruction (CDR) and data loss prevention. And Menlo Security and Votiro will enable enterprises to quickly and easily implement data security best practices without slowing employee and business productivity.
In modern enterprises, data resides in numerous locations, including software as a service (SaaS) applications and multiple cloud storage solutions, and is spread across multiple cloud service providers (CSPs) and private clouds. And legacy data security tools require onerous setup rules and configuration, frustrating security teams, stifling employee productivity, and exposing organizations to costly consequences like data breaches, compliance violations, and operational disruptions.
By expanding the Menlo Security browser security solution suite with the Votiro data and file security platform, Menlo Security offers a comprehensive workspace security solution that secures the modern worker, wherever they are, and adapts to how they work. And users typically spend 80%+ of their work time accessing applications from the browser.
Votiro also addresses file security as documents flow in, out, and across the enterprise workspace, across multiple channels including the browser, email, collaboration tools, and API flows. The expanded Menlo Security solution offers Zero Trust Access to enable users to securely access their applications while preventing data leakage and securing file movement. This solution uniquely delivers high-security efficacy and a transparent user experience. Users are secured without frustration or changing the way they work.
Votiro and Menlo Security share the philosophy of delivering strong security solutions that are designed from the ground up to be easy to configure, deploy, and manage. Together with Menlo Security HEATShield AI, the Votiro Data Detection & Response (DDR) solution brings administrator simplicity to data loss prevention and data masking.
The novel use of AI in both solutions detects and prevents a broader range of phishing and malware/ransomware attacks and the loss of sensitive data without the need for complex and static rule configuration.
On the heels of hitting $100 million in ARR, this acquisition expands the total available market for Menlo Security while significantly increasing revenue opportunities.
KEY QUOTES:
“Acquiring Votiro expands the capabilities of our product offerings and delivers a workspace security solution unlike anything else on the market. This solidifies our market leadership and empowers enterprises to secure their data across every business critical workflow, all while enabling them to move at the speed of modern work. Menlo has led the way in enterprise browser security for over 10 years. Now, we’re transforming the future of workspace security.”
– Amir Ben-Efraim, co-founder and CEO, Menlo Security
“Votiro has built a unique and highly effective approach to protecting data in the modern work environment – an approach that complements Menlo Security technology and philosophies very well. As a trusted industry leader with a strong track record supporting millions of users worldwide, Menlo is an ideal fit for Votiro. I look forward to working alongside the talented team at Menlo to make this a smooth transition for our customers, employees and partners, and am confident this next chapter will prove to be a rewarding and productive experience for all.”
– Ravi Srinivasan, CEO, Votiro
