Trend Micro on Monday announced the acquisition of cloud security company Cloud Conformity for $70 million.
Founded in Australia, Cloud Conformity specializes in cloud security posture management (CSPM) and it provides cloud security, governance and compliance solutions for organizations using AWS, Microsoft Azure and Google Cloud.
By acquiring Cloud Conformity, Trend Micro wants to expand the types of cloud services it can secure, particularly when it comes to infrastructure misconfigurations. Trend Micro also says the acquisition will help customers ensure compliance with regulatory standards such as PCI DSS, GDPR and HIPAA.
Trend Micro will retain Cloud Conformity’s 50 developers and engineers, as well as its over 100 customers.
Cloud Conformity solutions are immediately available to Trend Micro customers.
“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, CEO of Trend Micro. “As more enterprises move to the cloud, our customers feel they’re operating amid a wild-west approach to cloud implementations that leave them with unmanaged risk. As an AWS technology Partner of the Year for 2019, Cloud Conformity understands these implementations and the risks. Their offering perfectly complements our own portfolio and provides immediate value to customers. Both the people and technology are a great fit for Trend Micro.”
Michael Watts, CEO of Cloud Conformity, commented, “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.”
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