Trends in cloud security 🔐, Acquisition x2, ZoomInfo milestone 📈

Trends in cloud security 🔐

According to Precedence Research, the global cloud computing market is expected to be around $1.6 trillion by 2030, with a CAGR of 17.43% from 2022 to 2030. This growth creates the need for cloud security provisions.

Cloud security is a collection of procedures and technology designed to address organizations' external and internal threats to cloud computing resources. TechRepublic report suggests the cloud security market will surpass $123 billion by 2032, and here are its top 5 trends to watch.

• Creation of multi-cloud security - Building resilient architectures functioning with multiple cloud service providers.

• Increased supply chain attacks - Experts will reduce the entitlement and privileges for every internal and external identity.

• Secure Access Service Edge - Enables fast and secure cloud adoption and remote accessibility. Preference for SaaS over a VPN gateway

• Zero Trust -Determines accessibility of data and cloud services only to authentic and authorized personnel

• Optimized SaaS security - SaaS Security Posture Management (SSPM) tool is gaining popularity. It coordinates the latest developments while remaining in compliance.

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Qualys acquires Blue Hexagon AI/Machine Learning Platform to secure Public Cloud Adoption 🤖

Qualys, Inc., a cloud-based IT, security, and compliance solutions organization, acquired the predictive analytics platform of Blue Hexagon. The transaction closed on October 4, 2022

Qualys has over 10,000 subscriptions worldwide, most of which are Forbes Global 100 and Fortune 100. Founded in 1999 as one of the first SaaS security companies, it enables enterprises to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads, and web applications.

Blue Hexagon provides Cloud Threat Detection and Response solutions and securely enables the public cloud's adoption. It will help Qualys to convert petabytes of highly integrated data into meaningful insights for customers

Strategic advantages

• Detect active vulnerability assessment based on behavior patterns and suspicious activities over the network.

• Implementing adaptive risk mitigation by leveraging Qualys Cloud Platform for predictive analytics.

• Will allow Multi-Vector EDR and Context XDR to collect, inspect and analyze network telemetry, protocols and traffic in an agentless manner, including encrypted traffic.

The purchase price was not disclosed but paid predominantly in cash and the form of stock subject to certain vesting conditions.

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Q2 Acquires Toranto’s Sensibill, terms undisclosed 🤑

Q2 Holdings, a digital transformation solutions company, announced its acquisition of Sensibill, an award-winning AI-powered platform provider for financial institutions.

It will enrich Q2’s data portfolio with granular SKU-level data. It will enhance personalized experiences by delivering tailored products and services, driving loyalty, and increasing customer engagement. The acquisition complements Q2 Catalyst, Q2’s end-to-end commercial banking suite.

The financial terms of the transactions were closed on October 3, 2022, and kept undisclosed.

About Sensibill

Founded in 2013 is a leading customer data platform. It enables businesses to automate and streamline expense management and helps financial institutions better understand their account holders' spending behaviors.

About Q2

Q2 is a financial experience company providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies.

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ZoomInfo Grows Global Business Contacts to More Than 235 Million 📈

The global contact database of ZoomInfo has grown to more than 235 million business-to-business (B2B) professional profiles, including more than 145 million contacts in markets outside of the U.S., A significant milestone for the company.

It added around 60 million professional profiles to its revenue operating system (RevOS) platform this year and more than two-thirds outside of the U.S, including significant growth in the U.K., India, and Canada.

The company has detailed, accurate data on over 100 million companies worldwide. Its AI is supplemented by more than 300 researchers and proactively gathers and verifies data.

It provides added layers of authentication by sending email privacy notices and multi-step validating data points.

Read more at: Link