Qualys acquires Cloud Security firm TotalCloud

316

Qualys, a cybersecurity firm that is into the business of compliance software, has made it official that it is going to acquire Cloud Security firm TotalCloud for an undisclosed amount.

Trade analysts state that the newly acquired tech from TotalCloud will help Qualys Cloud Platform to gain a visibility of the Security & Compliance postures prevailing in an organization’s on-premises, cloud and container environments.

Qualys that have AWS, Azure and Google Cloud Platform as its key partners will use TotalCloud’s newly developed innovative tech that gives a vision into cloud workflows and ‘no-code’ automations.

Year 2021 has seen a rise in the Merger & Acquisition deals as more than $671 billion worth deals are estimated to have taken place in between Dec’2020 to June 2021. And when the count across the world is taken, it is estimated that a $2.8 trillion business worth M&A deals could have taken place in the past 18 months, including the pandemic led shutdown months count as well.

Pandemic led shutdowns have also driven some business owners to sell their business assets to companies that are vying or interested in cutting down the competition in the market.

In coming days, as fiscal, monetary and regulatory policies are expected to be more specific, the second half of the year 2021 is expected to witness a big momentum in the M&A deals for this year.

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