SAN JOSE, Calif. (Diya TV) — Zscaler, a leading cloud security company based in San Jose, Calif., announced the acquisition of Avalor, a cybersecurity startup just 26 months old. The contract is reportedly worth $350 million and marks Zscaler's latest strategic move to strengthen its capabilities in a rapidly evolving cybersecurity environment.
According to a press release from Zscaler Founder and CEO Jay Chaudhry, the acquisition will expand Zscaler's platform to deliver streamlined security incident reporting, incident mitigation, asset discovery, data classification, security It will be enhanced with advanced features such as policy generation. Chaudhry emphasized the importance of leveraging AI-driven solutions to identify vulnerabilities and effectively predict and prevent breaches.
Co-founded by Raanan Raz and Kfir Tishbi, Avalor has developed a data fabric for security that aggregates, normalizes, and unifies data across enterprise security and business systems. This innovative approach enables security teams to gain actionable insights and operational efficiencies by tracking risk data from discovery to remediation.
The acquisition comes as the cybersecurity industry sees a surge in AI-driven threats, increasing the need for organizations to leverage security data at scale. By integrating Avalor's technology into its Zero Trust exchange platform, Zscaler aims to provide enhanced AI-driven analytics and real-time decision-making capabilities to its customers.
Raanan Raz, CEO and co-founder of Avalor, expressed his enthusiasm for partnering with Zscaler, stating that the company's deep resources and global reach are key factors in accelerating Avalor's growth trajectory. Ta. This acquisition underscores Zscaler's commitment to innovation and dedication to meeting evolving customer needs.
Zscaler's acquisition of Avalor is part of a broader trend in the cybersecurity industry characterized by increased M&A activity aimed at strengthening capabilities and expanding market presence. As cybersecurity threats increase, organizations are prioritizing investments in advanced technologies to protect their digital assets and effectively mitigate risks.
