CipherCloud, a San Jose, CA-based cloud information protection solution, acquired CloudUp Networks, a provider of SaaS application security.
The acquisition – whose amount was not disclosed – will allow CipherCloud to expand its platform with capabilities to scan and tag different classes of data in order to protect sensitive organizational information. Additionally, the CloudUp technology provides a view of the sensitivity of data across all cloud applications and enables DLP policies to be enforced on cloud data based on the sensitivity or risk level of that data.
Led by Pravin Kothari, founder and CEO, CipherCloud provides organizations with protection controls that enable 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.
The company is backed by venture capital firms Andreessen Horowitz, Index Ventures, and T-Venture, the venture capital arm of Deutsche Telekom.
FinSMEs
15/01/2014