CT News Bureau

deal

After spinning out as a standalone security business from Intel earlier this year, security firm McAfee has made its first acquisition in the form of Skyhigh Networks, a specialist in cloud security. McAfee will focus on cross-selling opportunities around its newly-closed acquisition of Skyhigh Networks, particularly for channel providers working with both security vendors today.

McAfee said it will spend the next quarter enabling the company’s longstanding partners to resell Skyhigh’s portfolio so that they can tap into the fast-growing cloud access security broker (CASB) space, Richard Steranka, head of global channel operations told CRN in a report.

The company plans to initially go after the partners working with both the entities in an effort to drive scale with them. In other words, it wants to focus on providing these partners with more hands-on product training, demos, and proofs of concept.

Skyhigh Networks and McAfee will complement each other’s portfolio and mission, allowing customers to modernize their cybersecurity environments and protect their most valuable asset – data – as it moves to the cloud. “The combination of McAfee and Skyhigh will establish the leading company to provide the cybersecurity architecture of the future, with endpoint and cloud as the critical control points, linked by the security operations center with actionable threat intelligence, analytics and orchestration, and enabled by an open ecosystem,” according to a press release.

The acquisition indicates the ongoing trend for consolidation in the security industry, where smaller players are coming together under larger businesses to provide more security services under one roof.

Partners of both McAfee and Skyhigh will be integrated into a single channel entity at some point this year, Steranka said. Yet although the two channel partners will integrate down the road, Steranka said the focus for now is on maintaining business continuity.

The report stated that Skyhigh partners will also enjoy an opportunity to expand their business since they’re now working with a vendor that serves the entire security ecosystem