Prevasio is now a provider of application connectivity and cybersecurity services AlgoSec. The financial terms of the deal are not known.
This is the 1,023rd technology M&A deal that ChannelE2E has reported on so far in 2022. View more than 2,000 deals in technology M&A involving MSPs and MSSPs.
AlgoSec acquires Prevasio to provide cloud security
AlgoSec was founded in 2004 and is located in Ridgefield Park in New Jersey. LinkedIn lists 476 employees at the company. AlgoSec has 476 employees listed on LinkedIn.
Prevasio was founded in 2020 and is located in Menlo Park in California. There are seven employees on LinkedIn. Prevasio, a startup, developed a SaaS cloud native application protection platform (CNAPP). It includes an agentless cloud security posture manager (CSPM), anti-malware scan and vulnerability assessment, as well as dynamic analysis for containers. Stanford Research Institute International (SRI) created the artificial intelligence (AI), capabilities for this solution.
According to the companies, the acquisition will increase AlgoSec’s customer base and expand its cloud security solutions portfolio. The seller will continue to operate as Prevasio (an AlgoSec business).
