SAN JOSE, Calif., March 31, 2015 /PRNewswire/ — Today, CipherCloud, a leader in cloud security, expands its platform through the acquisition of core technology from Anicut Systems, a privately held provider of adaptive security as a service. This acquisition complements the company’s commitment to delivering a holistic cloud security platform that enables enterprise cloud adoption.

Since CipherCloud’s founding four years ago, the company has focused on developing innovations that bring visibility and protection to data across all clouds in use by an enterprise. The company began by delivering security controls – namely searchable strong encryption, advanced tokenization and data loss prevention (DLP) – to solve the immediate need to secure sensitive data in the cloud. The platform has further evolved to include incorporated data classification, cloud detection, data discovery and anomaly monitoring to give organizations the insights they need to apply security policies and tools to protect their sensitive information in the cloud.

Anicut’s technology enhances CipherCloud’s cloud discovery, data protection and monitoring platform by bringing additional intelligence and security controls that help organizations defend against a fast evolving threats landscape. Anicut provides advanced cloud security analysis of real-time traffic using machine learning to detect malicious insider and external threats. The technology detects both high risk clouds and high risk user activities in their use of cloud services based on over 60 attributes to detect advanced attacks on cloud services such as spear phishing and watering hole. It also enables administrators to effectively configure and enforce corporate cloud use policies.

“We continue to raise the bar for cloud security,” said Pravin Kothari, founder and CEO of CipherCloud. “The rapid pace of cloud adoption by organizations requires deep intelligence into cloud threats and real-time protection for data across clouds. We are making this investment to go deeper into cloud visibility and security given the clear demand.”

The transaction has closed. The financial terms of the acquisition are undisclosed.

The CipherCloud platform arms organizations with controls that enable compliance with government and industry regulations for data security, privacy and residency. CipherCloud cloud security platform contains the following essential components:

• Cloud application discovery that provides aggregated reporting and dashboards of cloud applications including understanding employee usage and behavior, whether they are using enterprise approved cloud applications or not, and the level of risk of using them and most importantly putting data into them.
• Cloud data protection that delivers based on corporate policies, industry regulations, or country required compliance laws the maximum level of protection to all sensitive data through a combination of searchable strong encryption, tokenization and malware detection controls.
• Cloud user monitoring that enables the tracking and identification of anomalies that help to reduce the source of risk from both of insider and external threats.

About CipherCloud:

CipherCloud, the leader in cloud visibility and data protection, delivers cloud adoption while ensuring security, compliance and control. CipherCloud’s open platform provides comprehensive cloud application discovery and risk assessment, data protection – searchable strong encryption, tokenization, data loss prevention, key management and malware detection – and extensive user activity and anomaly monitoring services.

CipherCloud has experienced exceptional growth and success with over 3 million of business users, across 11 different industries.

The CipherCloud product portfolio protects popular cloud applications out-of-the-box such as Salesforce, Box, Microsoft Office 365 and ServiceNow.

CipherCloud, named as SC Magazine’s Best Product of the Year, technology is FIPS 140-2 validated and is backed by premier venture capital firms Andreessen Horowitz, Transamerica Ventures, Delta Partners and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.

CipherCloud Contact:
Lise Feng
Director of Corporate Communications
408-520-4937
lfeng@ciphercloud.com

Logo – http://photos.prnewswire.com/prnh/20130603/SF24948LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ciphercloud-acquires-cloud-security-analytics-technology-300058752.html

SOURCE CipherCloud