Cloud security firm HyTrust has made it official that it is going to acquire data management service offering company named DataGravity by this year end. The Mountain View-based cloud security leader disclosed in its media briefing that it is going to acquire DataGravity from a portion of its $36 million Series E funding led by Advance Venture Partners.
The funding is also being backed up by existing investors such as Epic Ventures, Vanedge Capital, Trident Capital, Sway Ventures and strategic vendors such as VMware, Fortinet, Intel, and Cisco.
DataGravity which is a New Hampshire-based software firm recently created a virtual appliance known as DataGravity for Virtualization. This appliance has the potential to identify and classify data and tag workloads to ensure security policy enforcement for data access, encryption and key management.
HyTrust is planning to integrate DataGravity’s new technology into its platform to provide security to its users moving workloads across hybrid clouds.
HyTrust is known to be a leader in providing security, automated compliance and policy enforcement for cloud infrastructures. It gives IT departments a single pane to manage cloud workload security, regardless of where the workloads run i.e. on physical machines, virtual machines, containers, private cloud infrastructure, public cloud infrastructure as a service.
HyTrust Cloud security is being used by Mastercard & Visa and the company’s services are also being used by banks such as Wells Fargo, Bank of America and Citibank.