McAfee acquires Skyhigh Networks to expand offerings after Intel split
California-based cybersecurity giant McAfee announced plans Monday to acquire Skyhigh Networks, a cloud data storage security firm, in order to expand the company’s offerings as it looks to establishes itself once again as a standalone brand. The purchase comes less than eight months after McAfee was spun out of technology behemoth Intel. “Skyhigh’s leadership in cloud security, combined with McAfee’s security portfolio strength, will set the company apart in helping organizations operate freely and securely to reach their full potential,” stated McAfee CEO Chris Young. The deal represents McAfee’s first foray into the cloud access security broker (CASB) market segment, which has seen multiple company acquisitions in the last year. In practice, CASB technology is commonly used by customers to ensure that they are compliant with insurance guidelines as well as federal, state and local rules concerning security measures surrounding customer data storage. Other competing cloud access security brokers include […]
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