Menlo Security announced the
acquisition of Votiro, a data and file security platform that specializes in
advanced Content Disarm & Reconstruction (CDR) and data loss prevention.
Together, Menlo Security and Votiro will enable enterprises to quickly and easily
implement data security best practices without slowing employee and business
productivity.
In today’s
modern enterprise, data resides in numerous locations including software as a
service (SaaS) applications and multiple cloud storage solutions, while being
spread across multiple Cloud Service Providers (CSPs) and private clouds.
Legacy data security tools require onerous setup rules and configuration,
frustrating security teams, stifling employee productivity, and exposing
organizations to costly consequences like data breaches, compliance violations,
and operational disruptions.
By expanding
the Menlo Security browser security solution suite with the Votiro data and
file security platform, Menlo Security provides a comprehensive workspace
security solution that secures the modern worker, wherever they are, and adapts
to how they work. Users typically spend over 80% of their work time accessing
applications from the browser. Votiro addresses file security as documents flow
in, out, and across the enterprise workspace, across multiple channels
including the browser, email, collaboration tools and API flows. The expanded
Menlo Security solution delivers Zero Trust Access to allow users to securely
access their applications while preventing data leakage and securing file
movement. The solution uniquely delivers high security efficacy and a
transparent user experience. Users are secured without frustration or changing
the way they work.
“Acquiring
Votiro expands the capabilities of our product offerings and delivers a
workspace security solution unlike anything else on the market. This solidifies
our market leadership and empowers enterprises to secure their data across
every business critical workflow, all while enabling them to move at the speed
of modern work,” said Amir Ben-Efraim, co-founder and CEO, Menlo Security.
“Menlo has led the way in enterprise browser security for over 10 years. Now,
we’re transforming the future of workspace security.”
Votiro and
Menlo Security share the same philosophy of delivering strong security
solutions that are designed from the ground up to be easy to configure, deploy,
and manage. Together with Menlo Security HEATShield AI, the Votiro Data
Detection & Response (DDR) solution brings administrator simplicity to data
loss prevention and data masking. The novel use of AI in both solutions detects
and prevents a broader range of phishing and malware/ransomware attacks, as
well as the loss of sensitive data without the need for complex and static rule
configuration.
“Votiro has
built a unique and highly effective approach to protecting data in the modern
work environment – an approach that complements Menlo Security technology and
philosophies very well,” said Ravi Srinivasan, CEO, Votiro. “As a trusted
industry leader with a strong track record supporting millions of users
worldwide, Menlo is an ideal fit for Votiro. I look forward to working
alongside the talented team at Menlo to make this a smooth transition for our
customers, employees and partners, and am confident this next chapter will
prove to be a rewarding and productive experience for all.”
On the heels of
reaching
$100M in ARR, this acquisition expands the total available market for Menlo
Security, significantly increasing revenue opportunities.
