Zscaler to acquire MDR specialist Red Canary to bolster zero-trust capabilities
NEW DELHI:
Cloud security solutions
provider
Zscaler
has signed an agreement to acquire
managed detection and response
(MDR) specialist,
Red Canary
, to bolster in-house zero-trust solutions.
The deal, whose financial terms were not disclosed, is expected to close in August 2025.
Founded in 2014, the privately-held startup has raised $135 million in multiple rounds from investors including Summit Partners, Noro-Moseley Partners and Kyrus Tech, according to data from market intelligence firm Tracxn. Its competitors include Carbon Black, Cyberhaven and Absolute Software.
According to its website, Red Canary works with nearly 1,000 organisations, and provides MDR across its customers' cloud workloads, identities, SaaS applications, networks, and endpoints.
'With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust Exchange platform,' said Jay Chaudhry, CEO, chairman, and founder of Zscaler.
'By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations,' Chaudhry added.
The San Jose, US-headquartered cybersecurity giant offers solutions to nearly 45% of the
Fortune 500 companies
.
The companies said the integration of their solutions will enable security teams to detect, triage, investigate, and respond to threats with better speed and efficiency, helping organisations precisely tackle modern security challenges.
'Zscaler's global scale and reach provide the resources and granular data needed to fuel advanced AI,
threat intelligence
, and detection engineering, giving us a broader view of adversary behavior while enabling faster innovation across the board,' said Brian Beyer, CEO of Red Canary.
Forrester
analysts, however, expressed apprehensions about the foundation of the deal.
'While MDR is taking a turn towards more proactive capabilities and zero-trust can reduce the impact of breaches, zero-trust and MDR do not amplify one another. Therefore, bundling SSE with MDR is not a natural or compelling consumption model,' the analysts said in a blog article, analysing the deal.
According to Forrester, the managed network security and the managed SIEM segments have failed to create synergies beyond bundling via a single catalog of services. 'In fact, the challenges created by this disconnect helped create MDR as a standalone market,' they said.
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