Acquisition addresses often overlooked cloud security fundamentals
HONG KONG, CHINA – Media OutReach – 22
October 2019 – Trend Micro Incorporated (TYO: 4704; TSE: 4704),
a global leader in cybersecurity solutions, today announced it has acquired
Cloud Conformity, an innovative Cloud Security Posture Management (CSPM)
company. The acquisition instantly broadens the cloud services Trend Micro
can secure and resolves often overlooked security issues caused by cloud infrastructure
misconfiguration.
Trend Micro’s
strategy is built to ensure cloud security without disrupting how customers
need to do business. This acquisition builds upon Trend Micro’s continuous
innovation in cloud security, adding complementary capabilities that
automatically identify and fix a range of cloud infrastructure configuration
issues. It also optimizes costs and helps ensure compliance with leading
industry regulatory standards such as PCI, GDPR, HIPAA and NIST.
“We have been laser focused on building integrated security for the
cloud since its birth over a decade ago, unlike other vendors who are now
attempting to stitch together disparate cloud technologies,” said Eva Chen,
chief executive officer for Trend Micro. “As more enterprises move to the
cloud, our customers feel they’re operating amid a wild-west approach to cloud implementations that
leave them with unmanaged risk. As an AWS technology partner of the year for
2019, Cloud Conformity understands these implementations and the risks. Their
offering perfectly complements our own portfolio and provides immediate value
to customers. Both the people and technology are a great fit for Trend Micro.”
In purposeful
acquisitions, people matter as much as the technology, and Trend Micro will
nurture and grow both as part of its market-leading cloud security strategy.
The addition of all of Cloud Conformity’s employees brings valuable expertise
and experience, along with the technology, to help businesses build in the
cloud more effectively, not just build securely.
According to
Gartner, “Through 2023, at least 99% of cloud security failures will be the
customer’s fault.”[1] Gartner
also states, “Through 2024, organizations implementing a CSPM offering and
extending this into development will reduce cloud-related security incidents
due to misconfiguration by 80%.”1 Trend Micro’s comprehensive set of
cloud security services provide assurance for businesses that their risk is
effectively managed while simultaneously meeting compliance standards.
“Our rapid expansion with AWS,
complemented by our dedication to security and compliance, is made actionable
and scalable through the Cloud Conformity tool,” Russell Jones, principal
architect for Virgin Australia. “Their product provides us with greater
visibility, the ability to improve performance and optimize costs, assuring
continuous resilience as we grow.”
“Our research is clear that organizations of all sizes are adopting
cloud-based delivery and, in doing so, are often using not only compute
services, but also storage, messaging, and many other services”, said Fernando
Montenegro, principal analyst with 451 Research. “With this acquisition, Trend
Micro is able to extend its security offerings to organizations looking for
assistance with cloud security beyond securing compute workloads.”
“We are
excited for the opportunities that will come from being part of the leading
cloud security provider — amplifying what we do best, while allowing our
offerings to expand in ways we couldn’t have done on our own,” said Michael
Watts, chief executive officer of Cloud Conformity. “We think customers will love
this simplified approach to security and compliance across their entire cloud
environment, including AWS, Azure and Google Cloud — providing security
guardrails to let them go faster and do more.”
Trend
Micro is making the Cloud Conformity solution immediately available. For more
information, please visit: http://trendmicro.com/cloudconformity.
[1] Neil
MacDonald, “Innovation Insight for Cloud Security Posture Management,”
Gartner.com, January 25, 2019, https://www.gartner.com/doc/3899373/innovation-insight-cloud-security-posture.
About Trend Micro
Trend Micro Incorporated, a global
leader in cybersecurity solutions, helps to make the world safe for exchanging
digital information. Our innovative solutions for consumers, businesses, and
governments provide layered security for data centers, cloud environments,
networks, and endpoints. All our products work together to seamlessly share
threat intelligence and provide a connected threat defense with centralized
visibility and control, enabling better, faster protection. With more than
6,000 employees in over 50 countries and the world’s most advanced global
threat intelligence, Trend Micro enables organizations to secure their journey
to the cloud. For
more information, visit www.trendmicro.com.hk.
