News
McAfee to Acquire Skyhigh Networks
November 2017 by Marc Jacob
McAfee and Skyhigh Networks have announced a definitive agreement to combine businesses, with McAfee acquiring Skyhigh Networks for an undisclosed amount. The move comes less than eight months after McAfee established itself as one of the world’s leading pure-play cybersecurity companies, dedicated to being the preferred cybersecurity partner to customers.
Skyhigh Networks and McAfee will complement each other’s portfolio and mission, allowing customers to modernize their cybersecurity environments and protect their most valuable asset – data – as it moves to the cloud. The combination of McAfee and Skyhigh will establish the leading company to provide the cybersecurity architecture of the future, with endpoint and cloud as the critical control points, linked by the security operations center with actionable threat intelligence, analytics and orchestration, and enabled by an open ecosystem.
Skyhigh Networks CEO Rajiv Gupta will join McAfee CEO Chris Young’s leadership team to run McAfee’s new cloud business unit. Skyhigh’s existing organizational structure will remain generally intact, ensuring continuity for customers and partners. At the same time, Skyhigh will benefit from McAfee’s global scale and integrations to McAfee’s broad and deep product portfolio to even better protect customers.
Skyhigh Networks’ innovative portfolio provides complete visibility into content, context, and user activity across SaaS, PaaS and IaaS environments; leads the market in advanced controls and automation to correct policy violations in cloud services; leverages data science and network effects across billions of events to identify and stop threats; applies protection to data that persists in the cloud or outside the cloud; and delivers an extensible platform for cloud providers to enable Skyhigh controls for their SaaS applications, and enterprises to enable controls for custom applications developed in-house.
Young posted an open message to company stakeholders with Gupta doing the same, each providing additional evidence of the company’s combined value upon transaction close, expected shortly after completing certain regulatory approvals and satisfying customary closing conditions.
