- Cloud security leader Trend Micro announced recently that it is acquiring Cloud Conformity for $70 million. These are the details about the deal.
Cloud security leader Trend Micro announced recently that it is acquiring Cloud Conformity for $70 million. Cloud Conformity is an innovative Cloud Security Posture Management (CSPM) company. And this acquisition instantly broadens the cloud services Trend Micro can secure and also resolves often overlooked security issues caused by cloud infrastructure misconfiguration.
“We have been laser-focused on building integrated security for the cloud since its birth over a decade ago, unlike other vendors who are now attempting to stitch together disparate cloud technologies,” said Eva Chen, chief executive officer for Trend Micro.
The strategy of Trend Micro is built to ensure cloud security without disrupting how customers need to do business. And this acquisition builds on Trend Micro’s continuous innovation in cloud security, adding complementary capabilities that automatically identify and fix a range of cloud infrastructure configuration issues. Plus it also optimizes costs and helps ensure compliance with leading industry regulatory standards such as PCI, GDPR, HIPAA, and NIST.
“Our research is clear that organizations of all sizes are adopting cloud-based delivery and, in doing so, are often using not only compute services, but also storage, messaging, and many other services,” explained Fernando Montenegro, principal analyst with 451 Research. “With this acquisition, Trend Micro is able to extend its security offerings to organizations looking for assistance with cloud security beyond securing compute workloads.”
The addition of all of Cloud Conformity’s employees to Trend Micro will bring valuable expertise and experience along with the technology to help businesses build in the cloud more effectively, not just build securely.
“Our rapid expansion with AWS, complemented by our dedication to security and compliance, is made actionable and scalable through the Cloud Conformity tool,” added Russell Jones, principal architect for Virgin Australia. “Their product provides us with greater visibility, the ability to improve performance and optimize costs, assuring continuous resilience as we grow.”
Trend Micro’s products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control thus enabling better and faster protection. And Trend Micro has over 6,000 employees in over 50 countries.
“We are excited for the opportunities that will come from being part of the leading cloud security provider – amplifying what we do best, while allowing our offerings to expand in ways we couldn’t have done on our own,” commented Michael Watts, chief executive officer of Cloud Conformity. “We think customers will love this simplified approach to security and compliance across their entire cloud environment, including AWS, Azure and Google Cloud – providing security guardrails to let them go faster and do more.”