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Thursday, 06 May 2021 11:17

Imperva inks agreement to acquire CloudVector Featured

Imperva CEO Pam Murphy Imperva CEO Pam Murphy

Global cybersecurity company Imperva is set to acquire API security vendor CloudVector after entering into an agreement, with the deal expected to be completed by the end of May.

“As a pioneer in modern API security, Imperva protects our customers from the risks associated with the misuse of APIs via exposures or attacks, and the exfiltration of sensitive data. Over the last year, we’ve seen significant acceleration in the number and volume of production APIs, such that API-related traffic now makes up more than 70% of our Cloud WAF traffic,” says Pam Murphy, CEO, Imperva.

“Combined with an expanding surface area and novel exploits, all organisations need stronger API visibility and advanced protection. The addition of CloudVector fits perfectly with our vision, advances our API security solution, and most importantly, broadens the security of our customers’ applications and data.”

Imperva says CloudVector’s API security solution complements Imperva API Security by automatically discovering all APIs based on actual traffic, classifying data with machine learning, identifying sensitive data exposure, and detecting anomalous user and data activity.

“CloudVector’s API and endpoint catalog is dynamically computed and continuously monitored, helping organisations understand and secure shadow APIs. All security events, including anomalous activities, are presented in easy to use dashboards and reports,” says Imperva.

“Deployment of CloudVector’s unique microsensor architecture does not require any API code change and can easily be incorporated into DevOps CI/CD pipelines, with value realised within minutes. CloudVector’s solution provides visibility and security for traditional public-facing APIs as well as more modern micro-services.”

“We’re impressed with the innovative capabilities Imperva has built over the past two decades and the market-differentiated protection they deliver across edge, applications and data. In particular, Imperva’s vision to protect the entire end-to-end data flow resonates with us,” says Lebin Cheng, CEO and co-founder of CloudVector.

“Our team looks forward to joining forces and helping customers manage the increasingly complex API security risks across the expanding IT landscape.”

The transaction is subject to customary closing conditions, including receipt of required regulatory clearance, and is expected to close in May 2021.

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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