Zscalar, the American cloud security firm has made it official last weekend that it is going to acquire Israel-based Trustdome for an undisclosed sum. The deal is said to close before the 3Q of 2021 and will be free from the latest law that bans tech companies in going for merger and acquisition deals till this year end based on the yearly profit margin cut off mark of $37 billion.
Trade analysts say that the team of Trustdome will join Zscalar’s Cloud Security Posture Management (CSPM) that will strive to protect enterprise cloud applications from cyber attacks.
Last year, Zscalar likely pledged that it is going to host a development center in Israel by buying more companies and adding their technology to its product and services portfolio.
With the acquisition of Trustdome, Zscalar seems to have kept its pledge by opening up its first development center in Israel.
“We are extending Zscalar cloud protection to customers who can happily embrace public cloud platforms with no question of doubt over security. As Trustdome offers a Cloud Infrastructure Entitlement Management (CIEM) services, Zscalar is planning to bolster its cloud protection portfolio through it by enforcing least privilege principles across multi cloud environments and at the same time giving a scope of innovative development to DevOps”, said Jay Chowdary, CEO, Zscalar.
Currently, the deal is in its nascent stage of development and will only complete subject to satisfaction of some customary closing conditions put forth by SEC.