Symantec to Acquire Fireglass for $250 Million
9 July, 2017
Greg Clark, Symantec CEO: "Fireglass’ isolation technology with Symantec’s existing web gateway solutions CAN reduce security events by as much as 70 percent"
Symantec, one of the the world’s leaders in cyber security, announced an agreement to acquire Israel-based Fireglass, the developer of an agent-less isolation solution that eliminates ransomware, malware and phishing threats in real-time. According to the Israeli newspaper TheMarker, Symantec will pay approximately $250 million for Fireglass. The acquisition strengthens Symantec’s Integrated Cyber Defense Platform, especially in Secure Web Gateway and Email protection delivered both on premises and in the cloud.
Fireglass was founded in 2014 by the CEO Guy Guzner the CTO Dan Amiga. Guy has over 15 years of experience in network security products. In his last role he was head of security products at Check Point software responsible for a product portfolio with $1 billion in revenue. Dan has 13 years of experience innovating software in mission critical applications. Having worked at the Israeli military intelligence and Microsoft, his last role was Chief Architect, Technology & Innovation at Schneider-Electric. The company is backed by Lightspeed Venture Partners and Norwest Venture Partners.
Isolation Without Installation
Its Threat Isolation Platform eliminates malware and phishing by isolating critical attack vectors including web pages, emails and documents. Fireglass patented Transparent Clientless Rendering (TCR) technology transforms all web content into a safe visual stream and prevents threats from ever reaching devices.
Fireglass creates a virtual web browsers on a dedicated platform that is designed from the grounds up for security and scale. Each browsing session is executed in a secure disposable container which confines any malicious activity. Therefore, Fireglass does not require endpoint installation and provides seamless user experience and supports all browsers, devices and OSs.
Greg Clark, Symantec CEO said that integrating Fireglass’ isolation technology with Symantec’s existing endpoint, email and secure web gateway solutions, “could reduce security events by as much as 70 percent, while virtually eliminating advanced threats spread by web browsing or email content. Isolation will become a core component in the design of cyber defense architectures for the cloud generation who face the reality of an encrypted Internet and the crisis inherent in email and web-delivered attacks.
How does the Magic Works? See Demo below:
“The ability for the security team to take an aggressive stance on unknown websites and questionable attachments without causing chaos for a company’s users and IT help desk is now a reality. Isolation is a key element of securing the cloud generation and is even a productivity gain for both the end user and security operations center.”
The transaction is subject to customary closing conditions, and is expected to close in the third calendar quarter of 2017. Symantec expects Fireglass’ technology to be available to its customers and partners soon after the transaction closes. Financial terms of the transaction were not disclosed.