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Time of India
6 days ago
- Business
- Time of India
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.
Yahoo
6 days ago
- Business
- Yahoo
Zscaler, Inc. (ZS) Expands AI Security Capabilities by Acquiring Red Canary Deal
Zscaler, Inc. (NASDAQ:ZS) announced on May 27, 2025, its definitive agreement to acquire Red Canary, a leading provider of Managed Detection and Response (MDR) solutions. The move aims at strengthening the company's AI-powered security by incorporating Red Canary's automation-led threat detection capabilities into its Zero Trust Exchange platform. An employee standing in front of a large data center, looking toward the future of cloud security. Through the acquisition, Zscaler, Inc. (NASDAQ:ZS) aims to merge its cloud-scale data fabric and global threat intelligence with Red Canary's decade-long expertise in streamlining threat investigation. Jay Chaudhry, CEO of Zscaler, Inc. (NASDAQ:ZS), made the following comment: 'The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. 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.' The company has also recently invested in tools like Risk360 and Exposure Management, signaling Zscaler, Inc. (NASDAQ:ZS)'s intent to shift toward a fully integrated and intelligent Security Operations Center. Investor sentiment remains strong for Zscaler, Inc. (NASDAQ:ZS). Shortly after the deal was revealed, Cantor Fitzgerald raised its price target from $250 to $275 while maintaining an Overweight rating. Analysts from Stephens & Co. also reiterated an Overweight stance, stressing their confidence in the company's growing role in enterprise cybersecurity. While we acknowledge the potential of ZS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZS and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None.
Techday NZ
6 days ago
- Business
- Techday NZ
Zscaler to acquire Red Canary to boost AI-powered security ops
Zscaler has agreed to acquire Managed Detection and Response provider Red Canary as part of an expansion of its AI-powered security operations capabilities. Zscaler stated that Red Canary's decade-long expertise in security operations enables customers to investigate threats up to ten times faster with 99.6% accuracy, aided by streamlined workflows and automated remediation. This acquisition will bring Red Canary's threat detection and response across endpoints, identity, network, and cloud workloads together with Zscaler's Zero Trust Exchange Platform and Data Fabric. The companies said the combination will form a unified Security Operations Center with agentic AI that fuses AI-driven workflows and human expertise. According to Zscaler, the move is intended to help security teams improve the speed and efficiency in detecting, triaging, investigating, and responding to threats, while aiming to reduce missed signals and incomplete threat analysis that can leave organisations vulnerable. Jay Chaudhry, CEO, Chairman, and Founder of Zscaler, said: "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 ExchangeTM platform. The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. 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." Zscaler reported that it provides protection to nearly 45% of the Fortune 500, running a cloud security platform that processes more than 500 billion daily transactions. Over its 15-year history, the company has developed AI-driven solutions leveraging a comprehensive dataset, such as Zscaler Digital Experience (ZDX) and Zscaler Exposure Management. Red Canary has been recognised for its contributions to managed detection and response, being named a Leader in the Forrester Wave: Managed Detection and Response for the third year running and featured in the Gartner Market Guide for MDR for the past seven years. Within security operations centres, Red Canary's technology helps automate remediation workflows, improving efficiency in response processes. Zscaler described the transaction as uniquely positioned to address operational pain points linked to missed signals and increased vulnerability from undetected threats. The companies expect that their combined platforms and expertise will provide organisations with the tools to address current cyber security challenges more confidently and with precise response capabilities. Brian Beyer, CEO of Red Canary, commented: "For over 10 years, we've protected our customers by combining high-fidelity signals with agentic AI, behavioral analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response. As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. 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. Both companies share a relentless commitment to quality, execution, and delivering exceptional outcomes for our customers." The completion of the acquisition remains subject to customary closing conditions and regulatory approvals. The companies anticipate closing the transaction in August 2025.
Yahoo
6 days ago
- Business
- Yahoo
Zscaler to acquire Red Canary
IT security company Zscaler has agreed to acquire Red Canary, a managed detection and response (MDR) provider. Financial terms of the deal have not been disclosed. The acquisition aims to transform security operations (SecOps) by integrating Red Canary's rapid threat investigation capabilities with Zscaler's extensive data and AI-driven workflows, Zscaler said. Red Canary helps in streamlining security workflows through automated remediation. Zscaler CEO, chairman, and founder Jay Chaudhry said: '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. 'The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. 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.' Zscaler intends to integrate Red Canary's strengths with its own data assets and global intelligence from its ThreatLabz Security Research team to establish a unified Security Operations Center powered by both AI and human insight. Currently protecting close to 45% of Fortune 500 companies, Zscaler operates a large-scale cloud security platform that handles over 500bn transactions daily. The company has used this data foundation to develop AI-driven solutions such as Zscaler Digital Experience and Zscaler Exposure Management. Zscaler said the acquisition aims to address operational challenges in threat detection, including missed signals and incomplete analyses. By combining their respective technologies and expertise, Zscaler and Red Canary plan to offer improved threat triage, investigation, and response capabilities. Red Canary CEO Brian Beyer said: 'For over ten years, we've protected our customers by combining high-fidelity signals with agentic AI, behavioural analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response. 'As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. '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 behaviour while enabling faster innovation across the board.' Subject to standard regulatory approvals and other customary conditions, the deal is expected to close in August 2025. "Zscaler to acquire Red Canary" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Channel Post MEA
7 days ago
- Business
- Channel Post MEA
Zscaler Acquires MDR Specialist Red Canary
Zscaler has signed a definitive agreement to acquire Red Canary, a provider of Managed Detection and Response (MDR). With over 10 years of expertise in security operations (SecOps), Red Canary has enabled its extensive customer base to investigate threats up to 10 times faster with 99.6% accuracy, while streamlining workflows through automated remediation. Combined with Zscaler's massive amounts of high-quality data—derived from the world's largest security cloud—and global intelligence from its ThreatLabz Security Research team, the combination will deliver a unified, agentic Security Operations Center (SOC) that combines AI-driven workflows with human expertise. These complementary capabilities will redefine how businesses detect, respond to, and mitigate modern cyber threats. '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. 'The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. 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.' Protecting nearly 45% of the Fortune 500 organizations, Zscaler has established over 15 years of leadership operating the world's largest cloud security platform which processes over 500 billion daily transactions. It has leveraged its massive, high-quality data lake to accelerate the development of advanced AI-driven solutions, like Zscaler Digital Experience (ZDX) and Zscaler Exposure Management. A proven innovator in MDR, Red Canary has been recognized as a Leader in the Forrester Wave: Managed Detection and Response for the third consecutive year and featured in the Gartner® Market Guide for MDR for the seventh year in a row. Within the SOC, Red Canary plays a crucial role by helping security teams automate remediation workflows, resulting in greater efficiency and improved security outcomes. By bringing together Zscaler's AI-powered Zero Trust platform with Red Canary's domain expertise in threat detection and response—spanning endpoints, identity, network, and cloud workloads—this transaction is uniquely positioned to address the operator pain points that often lead to missed signals, incomplete threat analysis, and increased vulnerability to undetected threats. The integration of Zscaler and Red Canary will better enable security teams to detect, triage, investigate, and respond to threats with greater speed and efficiency, helping organizations confidently and precisely tackle modern security challenges. 'For over 10 years, we've protected our customers by combining high-fidelity signals with agentic AI, behavioral analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response,' said Brian Beyer, CEO of Red Canary. 'As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. 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. Both companies share a relentless commitment to quality, execution, and delivering exceptional outcomes for our customers.' The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in August 2025. 0 0
