Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Cloud security firm Zscaler (NASDAQ: ZS) has announced that it has entered into an agreement to acquire Mumbai-based Smokescreen Technologies.
Smokescreen is an active defence and deception technology firm founded in 2015 by Sahir Hidyatullah and Raviraj Doshi.
Its capabilities will be integrated into the Zscaler Zero Trust Exchange, enabling Zscaler to “detect the most sophisticated, highly targeted attacks, ransomware, and lateral movement attempts.”
Zscaler expects the transaction to close during its fourth quarter ending in July.
“Today’s most sophisticated cyberthreats, like the recent Colonial Pipeline ransomware attack, require immediate, high-confidence detections to drive effective response,” said Jay Chaudhry, CEO, chairman and founder, Zscaler, Inc.
“Zscaler is proud to be the industry’s first security vendor to extend a zero-trust architecture with integrated active defense and deception capabilities. With the addition of Smokescreen to our Zero Trust Exchange, our customers will be able to change the economics of cyberattacks by making them far more costly, complex and difficult for the adversary both before and during their attempted intrusions.
“I am pleased to welcome the Smokescreen team to the Zscaler family, and I look forward to our continued innovations in cybersecurity.”
Zscaler also reported better than expected earnings on Tuesday, resulting in its share price surging, up 11.86% at $193.23.
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