Cloudflare Acquires Vectrix to Help Businesses Gain Visibility and Control of Their Applications|||

Acquisition adds modern deject access security banker (CASB) functionality to Cloudflare’due south industry-leading Zero Trust platform

SAN FRANCISCO–(Concern WIRE)–Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability visitor helping to build a improve Internet, today appear that information technology has acquired Vectrix, a company that provides businesses i-click visibility and command across all of their SaaS applications. Vectrix enhances Cloudflare’s existing Zero Trust platform, Cloudflare One, by allowing security teams to scan tertiary-party tools–including Google Workspace, GitHub, and AWS–to discover and mitigate issues such equally inappropriate file sharing and user permission misconfigurations.

Tens of thousands of organizations rely on Cloudflare One’s Zip Trust platform to keep their teams and information secure,” said Matthew Prince, co-founder and CEO of Cloudflare. “
Cloudflare’southward global network blocks attempts to compromise data at multiple levels while accelerating traffic to the Net. We’re excited to welcome the Vectrix team to Cloudflare to help deliver the fastest, most secure, and robust Zero Trust platform for the enterprise.”

Many businesses are using more SaaS applications than e’er before, driven past the need to operate more efficiently and collaboratively in distributed or hybrid work environments. According to Gartner®, Public Cloud Services End-User worldwide spending on Cloud Awarding Services (SaaS) is expected to abound from $174B in 2022 to more than $279B in 2025. This has increased the burden on security teams, who now have to monitor security across numerous applications that all have unique configuration settings, user admission controls, and monitoring systems. What’s more than, this increased SaaS footprint increases the gamble of security incidents from misconfigured settings, wrong user access controls, or disgruntled employees.

With Vectrix, IT and security teams can perform security scans across their third-political party tools to meliorate observe and mitigate issues ranging from unauthorized user admission and file exposure to misconfigurations and shadow IT. Integrating Vectrix’s API-driven cloud access security broker (CASB) with Cloudflare Ane provides enterprises with comprehensive Zippo Trust control of both data-at-rest and data-in-transit. Vectrix extends the security of Cloudflare’s network to the data stored in SaaS applications, giving customers a single control plane for the security of their workforce and mission-disquisitional resource.

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Everyone uses SaaS applications, from sending emails to managing HR, but simply ticking the wrong box can leave a business’s disquisitional data exposed,” said Corey Mahan, co-founder and CEO of Vectrix. “
By combining Vectrix’s API first approach with the scale of Cloudflare’s Zero Trust platform we’re able to requite customers an easy and elementary manner to control how data from those applications are shared.”

To learn more, delight check out the resource beneath:

  • Vectrix + Cloudflare Blog
  • Vectrix Production Blog
  • Cloudflare Q4 Earnings

Source: Gartner, “
Forecast: Public Cloud Services, Worldwide, 2019-2025, 4Q21 Update”, Colleen Graham, Amarendra ., Sharat Menon, Robin Schumacher, Neha Gupta, 21 Dec 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Near Cloudflare

Cloudflare, Inc. (world wide / @cloudflare) is on a mission to help build a meliorate Internet. Cloudflare’due south suite of products protect and advance whatever Internet application online without adding hardware, installing software, or changing a line of code. Internet backdrop powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. Every bit a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’due south Top Company Cultures 2018 list and ranked among the Earth’southward Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Seattle, WA, Washington, D.C., Toronto, Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.

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Frontwards-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Human activity of 1933, as amended, and Section 21E of the Securities Exchange Human action of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forwards-looking statements because they contain words such every bit “may,” “will,” “should,” “wait,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of the Cloudflare Ane suite of Zilch Trust solutions and the Vectrix solution, the benefits to Cloudflare’s customers from using the Cloudflare I suite of Nix Trust solutions, the Vectrix solution, and Cloudflare’s other products and engineering, the expected functionality and performance of the Cloudflare One suite of Zero Trust solutions, the Vectrix solution, and Cloudflare’s other products and engineering science, the timing of when Cloudflare I and Vectrix features volition be generally bachelor to all current and potential Cloudflare customers, the potential growth of future spending on Cloud Application Services, Cloudflare’south plans and objectives for, and the timing of, the integration of the Vectrix solution into the Cloudflare One suite of Zero Trust solutions, Cloudflare’south technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’due south CEO and others. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including simply not limited to, risks detailed in our filings with the Securities and Exchange Commission (SEC), including our Quarterly Written report on Form 10-Q filed on November v, 2021, as well every bit other filings that we may make from time to fourth dimension with the SEC.

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The frontwards-looking statements made in this printing release relate but to events as of the engagement on which the statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the engagement of this press release or to reflect new information or the occurrence of unanticipated events, except as required by police force. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.

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