Cloudflare, Inc. (NYSE: NET), the security, performance and reliability company designed to support better Internet experiences, today announced it has acquired Vectrix. Vectrix provides companies with one-click visibility and control of all its SaaS applications. The company enhances Cloudflare’s existing zero trust platform, Cloudflare One, by allowing security teams to probe third-party tools, including Google Workspace, GitHub and AWS, to detect and mitigate issues such as inappropriate file sharing and user permission misconfigurations.
” Tens of thousands of businesses rely on the Cloudflare One Zero Trust platform to provide ongoing security for their teams and data,” said Matthew Prince, co-founder and CEO of Cloudflare. ” The global Cloudflare network blocks attempts to compromise data at many levels, while accelerating traffic to the Internet. We are excited to welcome the Vectrix team to Cloudflare, who are helping to deliver the fastest, most secure, and resilient Zero Trust platform for the enterprise.”
Many companies are using SaaS applications more than ever before due to the need to work more efficiently and collaboratively in distributed or hybrid work environments. According to IT market research firm Gartner, global spending on cloud application services (Software as a Service, SaaS) by end users of public cloud services is expected to grow from US$174 billion in 2022 to more than US$279 billion in 2022 2025. This has increased the burden on security teams, who must now monitor security across numerous applications, each with individual configuration settings, access controls, and monitoring systems. Additionally, this increased SaaS footprint increases the risk of security incidents from misconfigured settings,
With Vectrix, IT and security teams can examine third-party tools for security to better detect and mitigate issues ranging from unauthorized user access to file exposure to misconfigurations and shadow IT. The integration of Vectrix’s API-driven Cloud Access Security Broker (CASB) with Cloudflare One provides organizations with comprehensive Zero Trust control of both data-at-rest and data-in-motion. Vectrix extends the security of the Cloudflare network to the data stored in SaaS applications, giving customers a single plane of control over the security of their workforce and mission-critical assets.
” Everyone uses SaaS applications from email to HR administration, but simply ticking the wrong box can expose mission-critical data,” said Corey Mahan, co-founder and CEO of Vectrix. ” By combining the first approach of the Vectrix API with the scale of the Cloudflare Zero Trust Platform, we offer customers a simple, straightforward way to control the data sharing of these applications.”
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