Cisco Acquiring Valtix
Cisco has a plan to acquire cloud-native network security startup Valtix as part of a push to enhance its Security Cloud portfolio.
Valtix, established in 2018, offers a multicloud network security platform designed to enable cloud teams to meet the most stringent security requirements in a cloud-first and straightforward way. Valtix claims the platform discovery feature achieves 100% security coverage through continuous discovery and takes 30 seconds to adapt to new apps and changes to existing apps dynamically.
Valtix platform takes only a small amount of time to deploy and increases productivity by eliminating constant upkeep or challenging upgrades. The service connects continuous visibility and control to discover new cloud assets and changes, associates tag-based business context, and automatically applies the appropriate policy to ensure security compliance.
Valtix’s platform is available on Amazon Web Services, Microsoft Azure and Google Cloud Platform. It has customers in the financial services, healthcare, retail and government sectors, with notable customers that include Paybyphone Technologies Inc., BBPOS Ltd. and the Federal Home Loan Bank of San Francisco.
The Valtix team will join Cisco’s Security Business Group and will integrate its offering into Cisco’s Security Cloud portfolio.
Cisco did not reveal the price of the acquisition, and the deal is expected to close in Cisco’s fiscal third quarter, which ends on April 30.