Cisco to acquire security startup Portshift

guest · Oct 3, 2020

Cisco to acquire security startup Portshift
October 2, 2020
https://www.crn.com.au/news/cisco-to-acquire-security-startup-portshift-554211

Cisco Systems is giving its DevOps and container management a security boost.

The tech giant is buying Portshift, a startup that focuses on application security for cloud-native development environments, including Kubernetes, the tech giant revealed on Thursday.
The companies didn‘t disclose financial details, but a report in Globes cited "market sources" valuing the deal at US$100 million.
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Israel-based Portshift has a Kubernetes-native security platform that will help Cisco secure a bigger portion of the lifecycle of cloud applications and workloads. The company‘s technology helps DevOps, security and operations teams continuously secure the containerized applications from the time they are created until they are ready to run.

"They bring cloud native application security capabilities and expertise for containers and service meshes for Kubernetes environments to Cisco, which will allow us to move toward the delivery of security for all phases of the application development lifecycle.”
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The two companies expect the acquisition close during the first half of Cisco’s 2021 fiscal year and the Portshift team will join Cisco’s emerging technologies and Incubation group, Cisco said.
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Cisco: Application Security Comes into Further Focus with Intent to Acquire Portshift

As the proliferation of cloud-native apps continues to accelerate with the aim to transact business efficiently and securely from anywhere, the security landscape is converging toward protecting both people and applications. Business agility requirements are pushing security up the stack and earlier in the application development lifecycle, accelerating time to results. As these cloud-native apps become more pervasive, application and workload security take on a higher priority.
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