Cloud Stocks: Qualys Continues To Acquire Indian Startups

Spell Security’s threat hunting platforms will be fully integrated into Qualys’s platform. Qualys hopes to leverage the acquisition to provide its customers with access to deep malware threat research, the ability to detect malicious activities, continuously detect and secure endpoints, correlate telemetry with historical threat events and build a powerful anomaly detection and reporting engine. Prior to the acquisition, Spell Security was privately held and did not disclose its funding or financial details.

As more and more employees have migrated to remote working conditions, endpoint security has become more critical for businesses. Analysts believe that it may not be so easy for Qualys to break into the EDR market. According to Forrester Research, there are 12 major vendors of EDR services and products which includes big names like Microsoft, Trend Micro, and VMware’s Carbon Black. Qualys, however, is hopeful that its cloud-based services will help give businesses access to a robust dashboard that will provide visibility into the current state of their infrastructure’s security and offer more context to customers.

Qualys is known to acquire smaller Indian startups as part of its acqui-hire strategy. It invests in acquiring capital-efficient startups to drive market and technological expansion. Last year, it had acquired Indian 1Mby1M player Adya to help Google’s G Suite admins get visibility into what data has been exposed, what third-party apps have been installed along with their degree of risk. Besides identifying security risks, Adya’s tools helped manage these threats as well. In 2017, it had acquired Pune-based Nevis Networks Technologies to help expand its technology stack and commercial presence in the country.

Its stock is currently trading at $108.54 with a market capitalization of $4.26 billion. It touched a 52-week high of $125.22 in late July. The stock has recovered from the 52-week low of $63.37 it had fallen to in March this year.

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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs ...

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