Latest news with #SanjayBeri
Techday NZ
16-07-2025
- Business
- Techday NZ
Netskope named Leader in Gartner SASE Magic Quadrant again
Netskope has been named as a Leader in the Gartner Magic Quadrant for Secure Access Service Edge (SASE) Platforms for the second consecutive year. The Gartner Magic Quadrant for SASE Platforms recognises vendors that demonstrate a comprehensive vision and strong ability to execute in the secure access service edge sector. Netskope's position as a Leader follows its earlier recognition this year in the 2025 Gartner Magic Quadrant for Security Service Edge (SSE). According to the results, Netskope is currently the only vendor positioned as furthest in Completeness of Vision in both the SASE and SSE Platforms Magic Quadrant reports. In the upcoming companion SASE Platforms Critical Capabilities report, Netskope is also the only vendor ranked as the highest scoring for three Use Cases and the second highest for a fourth Use Case. These findings highlight the company's performance across both security and networking capabilities. Netskope provides the Netskope One platform, which converges security, network, and analytics products into a unified system. The platform is designed with zero trust principles and AI enhancements to support organisations adapting to cloud and AI-driven environments. According to the company, this architecture is intended to optimise network access, drive data protection, counter threats, and facilitate secure remote connectivity for workforces located anywhere. "The right security and networking architecture is absolutely critical to how organisations modernise. With the purpose-built architecture of the Netskope One platform, and applying AI-ready security, our customers don't need to accept trade-offs between advanced security capabilities and network performance," said Sanjay Beri, CEO and co-founder, Netskope. "We are very proud of our continued recognition as a Leader in SASE, SSE, and other market categories. In this specific report, it is validating to see Gartner's recognition of Netskope as likely to shape the SASE Platforms market, including with our innovations in post-quantum cryptography and how we are diligently extending SASE to nonhuman AI agents. We are committed to innovation and meeting our customers anywhere they are in their SSE and SASE journeys." The Netskope One platform includes a range of integrated solutions, such as Software-Defined Wide Area Network (SD-WAN), Cloud Access Security Broker (CASB), Secure Web Gateway (SWG), Zero Trust Network Access (ZTNA), Enterprise Browser, Remote Browser Isolation (RBI), Unified Data Security functionalities including data loss prevention and data security posture management, Firewall-as-a-Service (FWaaS), and Digital Experience Management (DEM). Proprietary AI models and patented innovations are present throughout the platform, and services are delivered over the Netskope NewEdge Network - a private cloud infrastructure developed to support high performance for secure enterprise access to various digital resources. The company's approach aligns with Gartner's market forecasts for SASE. Gartner predicts that by 2027, half of chief information officers and chief information security officers will prioritise consistent secure access for all types of branches, campuses, and edge locations. By 2028, 60% of SASE offerings are expected to have data security posture management integration to protect sensitive data across hybrid and cloud environments, and 70% of SD-WAN purchases will be as part of single-vendor SASE platforms, up from 25% in 2025. Gartner also forecasts considerable adoption of single-vendor SASE solutions among large organisations, with integration of generative AI techniques expected to contribute to threat detection and operational efficiencies in future deployments. Netskope's position in the SASE and SSE market categories reflects the company's continuing development in merging network and security solutions to address changing digital security requirements and operational needs as organisations move to cloud and AI-enabled environments. Follow us on: Share on:
Yahoo
02-06-2025
- Business
- Yahoo
Netskope Taps Morgan Stanley for IPO That Could Raise $500M+
Netskope picked Morgan Stanley (MS, Financials) to lead its U.S. IPO plans, aiming to go public as soon as Q3, Reuters reported, with expectations to raise over $500 million. Warning! GuruFocus has detected 4 Warning Sign with MS. Founded in 2012, the Santa Clara-based firm makes cloud security tools used by companies like Ross Stores (ROST, Financials) and Yamaha. Backers include Goldman Sachs and Ontario Teachers' Pension Plan. CEO Sanjay Beri said last year the IPO would boost brand visibility. While cybersecurity stocks are hot again, broader IPO recovery is still facing headwinds from tariffs and market uncertainty. This article first appeared on GuruFocus.
Yahoo
02-06-2025
- Business
- Yahoo
Netskope Taps Morgan Stanley for IPO That Could Raise $500M+
Netskope picked Morgan Stanley (MS, Financials) to lead its U.S. IPO plans, aiming to go public as soon as Q3, Reuters reported, with expectations to raise over $500 million. Warning! GuruFocus has detected 4 Warning Sign with MS. Founded in 2012, the Santa Clara-based firm makes cloud security tools used by companies like Ross Stores (ROST, Financials) and Yamaha. Backers include Goldman Sachs and Ontario Teachers' Pension Plan. CEO Sanjay Beri said last year the IPO would boost brand visibility. While cybersecurity stocks are hot again, broader IPO recovery is still facing headwinds from tariffs and market uncertainty. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
28-05-2025
- Business
- The Star
Exclusive-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
FILE PHOTO: The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK (Reuters) -Cybersecurity firm Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter. Netskope is aiming to go public as early as the third quarter of this year, two of the sources said, with one of them and two further sources indicating the IPO could value the company at more than $5 billion. All the sources cautioned that factors including timing, valuation, and the amount the offering would raise are subject to market conditions. They also spoke on condition of anonymity to discuss confidential deliberations. Netskope did not respond to a comment request. Morgan Stanley declined to comment. Founded in 2012, Netskope provides cloud-based security software that helps companies protect apps, websites, and data from cyber threats. It competes with companies such as Rubrik Inc and Zscaler Inc. Santa Clara, California-based Netskope has been backed by investors including Morgan Stanley Tactical Value, CPP Investments, Goldman Sachs Asset Management, and the Ontario Teachers' Pension Plan. It was valued at $7.5 billion in 2021, although valuations of technology startups have broadly dropped since then. Among Netskope's clients include retailer Ross Stores Inc and Yamaha, according to its website. Chief Executive Sanjay Beri told Reuters in June 2024 that the company had been making internal preparations for an IPO, and going public would help grow awareness of its brand. Expectations for a strong rebound in U.S. IPO activity this year have been tempered by geopolitical tensions and economic uncertainty, including tariff-related concerns. Still, signs of market stabilization in recent weeks have offered companies and their advisers encouragement of a more robust IPO pipeline for the remainder of the year. Fintech firm Chime and trading platform eToro, which had postponed their IPOs amid market volatility triggered by new tariffs in April, have since moved forward with their listing plans. Meanwhile, shares of cybersecurity peer Rubrik have surged nearly 200% since their debut in April, boosting investor interest in the sector. (Reporting by Echo Wang and Milana Vinn in New YorkEditing by Nick Zieminski)
CNA
28-05-2025
- Business
- CNA
Exclusive-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
NEW YORK :Cybersecurity firm Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter. Netskope is aiming to go public as early as the third quarter of this year, two of the sources said, with one of them and two further sources indicating the IPO could value the company at more than $5 billion. All the sources cautioned that factors including timing, valuation, and the amount the offering would raise are subject to market conditions. They also spoke on condition of anonymity to discuss confidential deliberations. Netskope did not respond to a comment request. Morgan Stanley declined to comment. Founded in 2012, Netskope provides cloud-based security software that helps companies protect apps, websites, and data from cyber threats. It competes with companies such as Rubrik Inc and Zscaler Inc. Santa Clara, California-based Netskope has been backed by investors including Morgan Stanley Tactical Value, CPP Investments, Goldman Sachs Asset Management, and the Ontario Teachers' Pension Plan. It was valued at $7.5 billion in 2021, although valuations of technology startups have broadly dropped since then. Among Netskope's clients include retailer Ross Stores Inc and Yamaha, according to its website. Chief Executive Sanjay Beri told Reuters in June 2024 that the company had been making internal preparations for an IPO, and going public would help grow awareness of its brand. Expectations for a strong rebound in U.S. IPO activity this year have been tempered by geopolitical tensions and economic uncertainty, including tariff-related concerns. Still, signs of market stabilization in recent weeks have offered companies and their advisers encouragement of a more robust IPO pipeline for the remainder of the year. Fintech firm Chime and trading platform eToro, which had postponed their IPOs amid market volatility triggered by new tariffs in April, have since moved forward with their listing plans. Meanwhile, shares of cybersecurity peer Rubrik have surged nearly 200 per cent since their debut in April, boosting investor interest in the sector.
