Highlights:

  • Zscaler saw a 35% growth in revenue from a year ago to USD 525 million in the most recent quarter.
  • Many cybersecurity products are used by large companies. Because of this, there are instances in which several programs identify the same vulnerability and produce redundant alarms.

Zscaler Inc. acquires Avalor Technologies Inc., a startup that assists businesses in analyzing the vulnerability data their cybersecurity tools generate.

Recently, the companies made the announcement about the deal. Zscaler said that it is using a mix of cash and stock to finance the acquisition, although it withheld the purchase price. According to Globes, Avalor is worth USD 350 million because of the acquisition.

Based in San Jose, California, Zscaler is a global cybersecurity software vendor with over 5,000 customers. The company’s products assist businesses in managing employee access to apps, ensuring internal data is maintained securely, and carrying out associated duties. Zscaler saw a 35% growth in revenue from a year ago to USD 525 million in the most recent quarter.

Before being acquired this week, Avalor, a firm with offices in Tel Aviv and New York, had raised USD 30 million. The Data Fabric for Security analytics platform is the company’s primary offering. The platform can compile and simplify data produced by an organization’s existing cybersecurity technologies, including details regarding software vulnerabilities.

Many cybersecurity products are used by large companies. Because of this, there are instances in which several programs identify the same vulnerability and produce redundant alarms. To facilitate the investigation, Avalor’s platform may combine many alarms into a single item and include contextual information, such as insights about which business units are impacted by a vulnerability.

In addition, Data Fabric for Security handles other duties. It has the ability to rank cybersecurity vulnerabilities according to severity and display important information about each vulnerability on dashboards. Administrators can utilize a built-in query engine to retrieve additional data if they need information that isn’t included in a particular dashboard.

Zscaler Founder and Chief Executive Officer Jay Chaudhry, said, “Zscaler operates the world’s largest security cloud with the most relevant data to train security specific large language models and with the Avalor acquisition, we can more effectively identify vulnerabilities, while predicting and preventing breaches.”

Zscaler plans to improve its Zero Trust Exchange platform by utilizing Avalor’s technologies. With the platform’s help, businesses can block access to their applications from the public internet and check network traffic for malicious software. Employee login requests are processed via Zero Trust Exchange.

Avalor will function as a separate Zscaler business unit after the acquisition. Customers can correlate information from various breach protection solutions with security data gathered by the Zero Trust Exchange and analyze it using its technologies.