Oracle to purchase Zenedge
Oracle announced it has signed an agreement to purchase cybersecurity firm Zenedge for an undisclosed amount as part of an initiative to secure IT systems launched across multi-cloud environments.
Under the acquisition, Zenedge’s Web Application Firewall (WAF) and Distributed Denial-of-Service (DDoS) mitigation products will be combined with Oracle’s product family. Both products are intended to secure applications, networks, databases and APIs from malicious internet traffic. The company reports its products and virtual Security Operations Center (SOC) defends over 800,000 web properties and networks globally.
“Customers achieve tremendous results with Zenedge’s innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times,” said Yuri Frayman, CEO of Zenedge, in a statement. “We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale.”
Zenedge benefits from the acquisition in that it could potentially expand its customer base. At the same time, Oracle is able to make its platform more attractive with the new features. It will also help build on Oracle’s Domain Name System (DNS) capabilities. Oracle threw its hat into the DNS ring upon agreeing to acquire Dyn Inc. in November 2016, which was victim of a DDoS attack the month before.
“Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud,” said Don Johnson, Senior Vice President of Product Development, Oracle. “Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats.”
The purchase follows Oracle announcing last December it would acquire Australian cloud company Aconex for $1.2 billion. The company said Aconex would complement its cloud-based construction software. Oracle also recently announced it intends to expand its modern cloud infrastructure footprint by investing in 12 new data centers across the globe.