Cloud security vendor CipherCloud announced last week that is has acquired privately held stealth startup CloudUp Networks. Financial terms of the deal are not being publicly disclosed.
With the acquisition of CloudUp, CipherCloud gains enhanced data loss prevention (DLP) capabilities that provide improved security to cloud users. DLP technology tags and monitors content for access, restricting the ability of data to leave an organization without authorization. CloudUp is an early-stage company with a product that is still in beta, Paige Leidig, senior vice president and chief marketing officer at CipherCloud, told eWEEK.
Pravin Kothari, CEO of CipherCloud, added that the CloudUp technology fits in with his company’s overall vision for discovering, protecting and monitoring sensitive data in cloud environments. He explained that the CloudUp piece will provide enhanced data tagging for important content, like credit card numbers. He also stressed that the CloudUp technology will complement the existing CipherCloud portfolio.