McAfee acquires Cloud Security firm Skyhigh Networks

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McAfee, the Computer Security Software Company of United States has acquired cloud Security firm Skyhigh networks for an undisclosed amount. Business Analysts say that the deal was a part of an ongoing trend for consolidation in the security industry, where large players buyout small security companies in order to cut short competition.

California based Skyhigh Networks’ CEO Rajiv Gupta is said to join the leadership of McAfee from early next year and assured that the existing organization’s structure will remain intact at least for next two years to keep the business continuity intact for customers and partners.

McAfee is planning to provide a global scalability option for Skyhigh customers which will help modernize the cybersecurity environments while at the same time protect data as it moves into the cloud.

Industry analysts say that McAfee’s new acquisition can only prove fruitful if security firm decides to absorb the technology of Skyhigh Networks to build a broader product suite. But some differ with the perspective as they feel that McAfee can do well if it keeps Skyhigh Network’s technology under a separate umbrella.

Skyhigh Networks already offers SaaS, PaaS and IaaS platforms along with a range of cloud-based security services around policy control both for apps in the cloud and on premises.

Sources reporting to Cybersecurity Insiders say that Skyhigh scored profits with the deal and its future is said to get coupled with more investments from McAfee, which is currently valued at $4.2 billion at the time of spinout from Intel in April this year.

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Naveen Goud is a writer at Cyber Security Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security