July 11, 2017 07:00 ET
HyTrust Acquires DataGravity
Purchase expands HyTrust's workload security portfolio, further automating and enhancing security policy enforcement for workload data
MOUNTAIN VIEW, CA--(Marketwired - July 11, 2017) - HyTrust, Inc., a leading workload security provider, today announced the acquisition of DataGravity, a data visibility and security company, to further automate and enhance security policy enforcement for workload data. The acquisition brings new data discovery and classification expertise that expand HyTrust data security solutions focused on protecting workload data. Terms of the deal were not disclosed, but members of the DataGravity team will be joining HyTrust.
Also, today HyTrust announced it has raised $36 million in new funding (http://bit.ly/2sZ1F01), with this latest round of investment going towards expanding its sales and marketing efforts, and for new product development and acquisitions.
The DataGravity acquisition comes at a time of rapid growth in the cloud security solutions market. According to Forrester, the global cloud security solutions market will grow 28 percent annually over the 2017 to 2021 period, from $1.5 billion in 2017 to $3.5 billion in 2021.
"The acquisition will accelerate the expansion of HyTrust's platform capabilities and capitalize on the high-growth cloud security market," said Eric Chiu, HyTrust's co-founder and president. "DataGravity's data discovery and classification capabilities support HyTrust's mission to deliver a security policy framework that provides customers with full visibility, insight and enforcement of policy across workloads. We couldn't be more excited."
DataGravity burst on the scene with the 2014 debut of its Discovery Series array line, integrating the separate functions of data security, search and discovery, and protection into one platform while providing visibility, including context, into data as it is created. Using that software as a base, earlier this year the Nashua, N.H.-based company released a virtual appliance, DataGravity for Virtualization. From that visibility comes insights, which HyTrust now expects to use to identify and classify data and tag workloads to ensure policy enforcement for data access, encryption and key management and applying boundary controls.
HyTrust has built before through acquisitions. Three years ago, the company bought HighCloud security to add data security and encryption for workloads, which became the foundation for the successful cloud and virtualization encryption solution HyTrust DataControl. DataGravity raised $92 million from top investors including Andreessen-Horowitz, Accel Partners, CRV and General Partners.
"Nearly every day I hear organizations' concerns with where their data resides and what needs to be protected across their cloud infrastructure", said Dave Shackleford, Founder and Principal Consultant with Voodoo Security and SANS Institute instructor. "The expansion of HyTrust's workload security platform with the new data discovery and classification capabilities from DataGravity will help solve some of these organizations' data security and compliance challenges in cloud deployments."
"In today's digital era, data and workload Availability is paramount," said Peter McKay, Co-CEO and President at Veeam. "Veeam has been working closely with both HyTrust and Data Gravity to develop joint solutions that meet customers' needs for 24.7.365 Availability, and it is great to see two of our strategic partners come together, accelerating the deployment of solutions that will address customer needs for policy-driven data security in virtualized data centers."
"Organizations are wrestling with identifying the 'what and where' for workload data in their data centers and actively seeking solutions to address this need", said Jon Oltsik, Senior Principal Analyst with ESG. "The addition of data identification and classification by way of the acquisition of DataGravity adds important capabilities that can help HyTrust deliver more value to its customers."
HyTrust's mission is to make private, public and hybrid cloud infrastructure more trustworthy for enterprises, service providers and government agencies. HyTrust provides solutions that automate security controls for software-defined computing, networking and storage workloads to achieve the highest levels of visibility, granular policy control and data protection. HyTrust customers benefit from being able to accelerate cloud and virtualization cost savings while improving their security posture by automating and enforcing security policies in real time, adapting quickly to compliance requirements, and preventing unplanned outages.
Headquartered in Mountain View, CA, HyTrust is backed by the leading providers of strategic IT infrastructure including VMware, Cisco, Intel and Fortinet; by the vanguard of innovative solutions for the intelligence community, In-Q-Tel; and by a world class group of financial investors including AVP, Sway Ventures, Granite Ventures, Trident Capital and Vanedge Capital. HyTrust was recently named one of CRN's "20 Coolest Cloud Security Vendors", a recipient of VMworld's 2015 Gold Award for Security/Compliance and Virtualization, and the Most Innovative Cloud Company at Intel Security Focus 2015.