U.S. cybersecurity company Symantec Corp. Tuesday announced the acquisition of Israeli startup Luminate Security to offer better, more secure cloud-based services to its users.
Symantec said Luminate's Secure Access Cloud technology further extends the power of its Integrated Cyber Defense Platform to users regardless of where they deploy their workloads or what infrastructure they are accessed through.
The Israeli firm's cyber security technology, which is constructed for today's cloud-oriented, perimeter-less world, allows enterprises to scale private, "no DNS" access control and grant user connections only to authorized specific applications and resources, said Symantec in a statement.
Headquartered in Mountain View, California, Symantec did not dis the amount of the transaction, but media reports put it at about 250 million U.S. dollars.
As more companies will operate their business on infrastructure that is managed by multiple third parties such as Microsoft's Azure cloud service, AWS and Google, "Luminate incorporated into Symantec's Integrated Cyber Defense puts us at the forefront of security in the cloud era," said Greg Clark, Symantec president and CEO.
Luminate's agentless, cloud-delivered service adds a powerful Software Defined Perimeter capability to Symantec's Integrated Cyber Defense Platform, said Symantec Executive Vice President and General Manager of Enterprise Products, Art Gilliland.
Luminate Security was founded in December 2016 with offices in the Israeli coastal city of Tel Aviv and Palo Alto of Santa Clara County, Northern California, respectively.
This is the fourth acquisition of an Israeli company by Symantec since 2017, after Javelin Networks, Fireglass and Skycure were bought for more than 600 million dollars in total.
Founded in March 1982, Symantec is a Fortune 500 company that employs more than 11,000 people in 35 countries and regions.
