VMware acquires network security firm Lastline

guest · Jun 4, 2020

VMware acquires network security firm Lastline, said to lay off 40% of staff
June 4, 2020
https://techcrunch.com/2020/06/04/vmware-lastline-staff-cuts/

VMware is acquiring network security firm Lastline, TechCrunch has learned.

Since its launch in 2012, Lastline raised about $52.2 million, according to Crunchbase. Investors include Thomvest Ventures, which led the company’s $28.5 million Series C round in 2017; Redpoint and e.ventures, which led the company’s 2013 funding round; and Barracuda Networks, NTT Finance and Dell Technologies Capital.

A source tells us that VMware will let go some 40% of Lastline’s employees — about 50 staffers — as part of the acquisition.
Terms of the deal were not disclosed.
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This also marks VMware’s third security acquisition this year, after it picked up network analytics firm Nyansa in January and cloud-native security platform Octarine in May. VMware also acquired security firm Carbon Black in August 2019. The trend here is pretty obvious, and VMware is obviously trying to position itself as the provider of choice for enterprises that are looking for cloud-native security tools.
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Lastline: Lastline to be Acquired by VMware

Today I am thrilled to announce that Lastline has entered into a definitive agreement to be acquired by VMware. The transaction has received the approval of both companies’ Boards, but is potentially subject to certain regulatory approvals. The transaction is expected to close in VMware’s Q2 FY21 ending July 31, 2020.

By joining forces with VMware, we will be able to offer additional capabilities to our customers and bring to market comprehensive security solutions for the data center, branch office and remote and mobile users
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Rasheed187 · Jun 6, 2020

Totally forgot about Lastline, they published some great technicle articles. Too bad they will need to fire about 50 people. But is it fair to say that VMware is becoming a full blown IT security company? It sure looks like it.

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