NEWS BRIEF
CYE acquired Solvo as a part of its objective to increase the capabilities of its steady publicity administration platform. Phrases of the acquisition weren’t disclosed.
The deal, introduced on Wednesday, brings collectively two Israeli-based cybersecurity firms. CYE will mix Solvo’s Cloud Safety Posture Administration (CSPM) and Cloud Infrastructure Entitlement Administration (CIEM) choices with its personal Hyver platform. In keeping with CYE founder and CEO Reuven Aronashvili, CYE will combine Solvo’s CSPM capabilities subsequent quarter to spice up its prospects’ skill to constantly assess and mitigate cyber dangers in multi-cloud and hybrid infrastructure environments.
Hyver, which gives visible views of a corporation’s safety posture, is designed to prioritize dangers, examine the price of a breach with the price of remediation, present danger mitigation planning, measure cybersecurity maturity and create remediation plans. It additionally integrates with numerous safety instruments and platforms, enabling the sharing of menace detection telemetry. Solvo CSPM gives steady monitoring of cloud environments whereas additionally prioritizing dangers, discovering misconfigurations and compliance dangers and visualizing cloud belongings and community and IAM configurations to find out dangers.
The necessity to deliver Solvo’s CSPM functionality to Hyver turned obvious as prospects had been accelerating the migration of their programs and functions to the cloud, Aronashvili says.
“We wanted some sort of native entry to the cloud atmosphere so as to tackle entry stage, encryption stage, MFA connectivity and so forth,” Aronashvili says. “All these components which can be lined right now with completely different cloud suppliers and platforms on the market are lacking in lots of the protection right now.”
Solvo presents native integration with Amazon Internet Companies (AWS), Microsoft Azure and Google Cloud, which Aronashvili stated has turn out to be a crucial requirement for CYE’s Hyber. “The multi-cloud facet was crucial to us,” he says. “Now, we’re in a position to present a corporation with a really complete and full danger analysis course of that considers all of the completely different features of cyber safety.”
Aronashvili based CYE in 2012 after working as a cyber safety specialist whereas serving within the Israel Protection Forces (IDF). CYE began out as an expert providers firm, however in 2021 it rolled out Hyver after receiving $100 million in funding from EQT, with participation from its preliminary investor, 83 North. In 2023, CYE acquired Baseline’s vulnerability evaluation platform from Cyberillium, which added automated assault route creation and prioritization to the Hyver platform.