Cisco to acquire Valtix to enhance its Security Cloud portfolio
Cisco Systems Inc. Friday said it plans to acquire cloud-native network security startup Valtix Inc. as part of a push to enhance its Security Cloud portfolio.
Founded in 2018, Valtix 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. The company 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.
The platform also takes only five minutes to deploy and increases productivity by 10 times by eliminating constant upkeep or challenging upgrade, according to Valtix. The service connects continuous visibility and control to discover new cloud assets and changes, associate tag-based business context and automatically apply the appropriate policy to ensure security compliance.
Valtix’s platform is available on Amazon Web Services, Microsoft Azure and Google Cloud Platform. The company 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.
In a blog post, Raj Chopra, senior vice president and chief product officer of Cisco Security, said Cisco supports Valtix’s commitment to simplify network security, protecting workloads no matter which cloud they are created or consumed. “With their cloud-native, easy-to-use control plane, they enable customers with common policy and enforcements of networking across all major public cloud environments,” Chopra added.
The Valtix team will join Cisco’s Security Business Group and will integrate its offering into Cisco’s Security Cloud portfolio. According to Chorpa, the integration will accelerate Cisco’s path to delivering a seamless experience in securing workloads across multi-cloud environments.
Cisco did not reveal the price of the acquisition. According to Crunchbase, Valtix has raised $26.5 million in venture capital funding, including a round of $12.5 million in January 2021. Investors include Northgate Capital Partners LLC, The Syndicate Group LLC, Vertex Ventures Holdings Ltd., Trinity Ventures L.P. and Cisco Investments.
The acquisition is expected to close in Cisco’s fiscal third quarter, which ends on April 30.
In an interview with theCUBE, SiliconANGLE Media’s mobile livestreaming studio, in 2019, Vishal Jain, Valtix co-founder and chief executive officer, and Brian Lazaer, Valtix’s chief product officer, explained that Valtix provided a “third option” for cloud security, one that’s agile and secure.