December 8, 2023

Zscaler, Inc., the leader in cloud security, today announced the intent to acquire Cloudneeti, a Cloud Security Posture Management (CSPM) company. With the acquisition, Zscaler will provide its customers industry-leading data protection coverage in the Zscaler Cloud Security Platform. Cloudneeti prevents and remediates application misconfiguration in SaaS, IaaS and PaaS. These misconfiguration are a leading cause of data breaches and compliance violations in cloud applications.

“Cloudneeti augments Zscaler’s data protection capabilities and will dramatically improve organizations’ cloud security by discovering and eliminating some of the most common causes of data breaches and compliance violations,” said Jay Chaudhry, Chairman and CEO of Zscaler. “Whether caused by SaaS applications being configured incorrectly or a developer accidentally misconfiguring a new public cloud application, these preventable data protection lapses are behind some of the biggest breaches in history. I am thrilled to welcome the Cloudneeti team to the Zscaler family.”

Fully Cloud-Delivered Service Improves Zscaler Customers’ Cloud Data Protection

Zscaler Cloud Security Platform was built from the ground up to help organizations deliver world-class security and a great experience as they embrace digital transformation. Zscaler already provides data protection for SaaS applications with CASB. Cloudneeti extends that data protection to public cloud workloads and will further improve Zscaler’s comprehensive data protection offerings by providing customers with:

Complete Data Protection and Exposure Prevention:
Data protection policies apply across locations, users and application types to ensure consistent and comprehensive data loss prevention in compliance with regulations like GDPR.
Unified Compliance Assurance: A single platform that provides compliance visibility and violation mitigation across SaaS applications like Microsoft Office 365 and cloud service providers including Amazon Web Services and Microsoft Azure to ensure government laws and industry regulations are followed.

Automated Risk Reduction:

Automated remediations that ensure cloud applications are not vulnerable to outside threats by following industry and organizationally-defined policies.
Gartner writes, “Through 2024, organizations implementing a CSPM offering and extending this into development will reduce cloud-related security incidents due to misconfiguration by 80%.”1 Cloudneeti also vastly improves compliance assurance and reporting – a constant and complicated pain point for CIOs and their organizations. Cloudneeti’s CSPM capabilities prevent application misconfigurations and compliance violations by checking SaaS, IaaS, PaaS, and cloud provider configurations, comparing them to industry and organizational policies to report on violations, and automating remediation with the help of machine learning.

Cloudneeti’s capabilities strengthen the data protection capabilities of Zscaler Internet Access (ZIA) and Zscaler’s out-of-band Cloud Access Security Broker (CASB). Cloudneeti expands application protection capabilities in Zscaler Private Access (ZPA) by allowing developers to find and automatically correct misconfigured applications and compliance violations in cloud service provider environments.

The transaction is expected to close prior to the completion of Zscaler’s fiscal third quarter subject to the satisfaction of customary closing conditions. Terms of the transaction were not disclosed.

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