Oracle to acquire hybrid security company Zenedge
Oracle acquisition of Zenedge : Oracle has agreed to acquire Florida-based hybrid security company Zenedge for an undisclosed price to add cloud-based network and infrastructure security capabilities to its portfolio.
Headquartered in Aventura, Zenedge helps in protecting critical IT systems deployed through cloud, on-site or hybrid hosting environments.
The Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation products of Zenedge are used by customers to shield their applications, databases, networks and APIs from harmful internet traffic.
Yuri Frayman – CEO of Zenedge, commenting on Oracle acquisition of Zenedge, said: “Customers achieve tremendous results with Zenedge’s innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times.
“We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale.”
According to Oracle, Zenedge’s products which are based on artificial intelligence (AI) along with its round-the-clock Security Operations Center (SOC) protect over 800,000 web properties and networks across the world.
Oracle itself provides a set of subscription-based cloud infrastructure services to help businesses to operate any workload in an enterprise-grade cloud managed, hosted and supported by it. Through the transaction, Zenedge will widen Oracle Cloud Infrastructure and Oracle’s Domain Name System (DNS) capabilities.
Zenedge is expected to add innovative application and network protection that adds to the current Oracle security services and partnerships.
Both Oracle and Zenedge are believed to enable enterprises to select cloud services without compromising on performance, cost, security or control through the enlarged Oracle Cloud Infrastructure platform.
Commenting on Oracle acquisition of Zenedge, Don Johnson – Senior Vice President of Oracle Product Development, said: “Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud.
“Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats.”