CipherCloud Acquires CloudUp Networks for Data Privacy, Protection

Cloud security vendor CipherCloud has acquired software-as-a-service security provider CloudUp Networks in a deal meant to bolster the company’s data protection capabilities.

The transaction was completed earlier this month for an undisclosed sum. According to CipherCloud, the integration with CloudUp Networks will broaden the ability of the CipherCloud platform to scan and tag different classes of data according to their privacy requirements. In addition, the technology from CloudUp tracks classified data from cloud to cloud and enforces data loss prevention rules on a per user basis.

“The consumption of multiple cloud applications into the enterprise requires security to be in lock step with visibility,” said Pravin Kothari, founder and CEO of CipherCloud, in a statement. “This acquisition reflects our strategy of growing our business with the tools our customers need to go to the cloud.”

The CipherCloud platform enables organizations to comply with government regulations and industry mandates including GLBA, PCI, HIPAA and HITECH, the EU Data Protection Act, UK ICO guidance, the Australian Privacy Amendment Act and US State privacy laws.

According to CipherCloud, the company’s key capabilities include cloud data discovery, AES 256-bit encryption, key management capabilities, a scalable architecture and activity monitoring.

A CipherCloud spokesperson told SecurityWeek that the integration between the companies is expected to be completed in the next 30-90 days. The growing concern about privacy makes demonstrating that cloud computing can be done securely more important, the spokesperson noted.

“Our conversations with customers and prospects reveal that there’s plenty of appetite to go to the cloud but that the (Edward) Snowden revelations have elevated cloud security concerns to the c-suite and board levels,” the spokesperson said. “In turn, enterprises are looking for technologies that can enable their journey to the cloud.”