Cloudflare Acquires Vectrix
Cloudflare has purchased Vectrix to detect and mitigate issues like inappropriate filing sharing and user permission misconfigurations in tools like AWS, Google Workspace and GitHub.
Integrating Vectrix with Cloudflare’s existing Zero Trust platform will provide enterprises with comprehensive control of both data-at-rest and data-in-motion.Terms of the acquisition weren’t disclosed.
Everyone uses SaaS applications from sending emails to managing HR, but simply ticking the wrong box can leave a business’s critical data exposed. By combining Vectrix’s API first approach with the scale of Cloudflare’s Zero Trust platform we’re able to give customers an easy and simple way to control how data from those applications is shared.
Vectrix extends the security of Cloudflare’s network to the data stored in SaaS applications, giving customers a single control plane for the security of their workforce and mission-critical resources. Cloudflare evaluated options including building its own API-driven CASB offering and talked to other companies in the space and was impressed by Vectrix’s customer obsession and rapid time to value.
Vectrix will be integrated into the Cloudflare Zero Trust platform later this year, meaning that services like zero trust network access (ZTNA), secure web gateway (SWG), and browser isolation are managed from a single platform and dashboard. Combining Vectrix and SWG will allow organizations to detect all SaaS apps in use, block those that are unapproved, and ensure that data stays safe in sanctioned ones.
The Vectrix acquisition comes two months after Cloudflare bought startup Zaraz for an undisclosed amount to boost website speed and security without sacrificing privacy by reducing the impact of third-party marketing and analytics tools. A year earlier, Cloudflare acquired automation platform Linc for an undisclosed amount to help front-end developers collaborate and build powerful applications.
And in January 2020, Cloudflare purchased early-stage browser isolation vendor S2 Systems for $17.7 million to keep security threats away from devices and make everyday web browsing safer and faster. All told, Cloudflare has made eight acquisitions since being established nearly 13 years ago, according to Crunchbase.