Zscaler Explained

Zscaler, Inc.
Former Name:SafeChannel, Inc.
Type:Public company
Area Served:Worldwide
Industry:Network security, computer security, Internet security
Num Employees:5,962 (2023)
Revenue: (2023)
Operating Income: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Location:San Jose, California
Location Country:U.S.
Footnotes:[1]
Module:
Child:yes
Asn:22616

Zscaler, Inc. is an American cloud security company, with headquarters in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.[2]

History

Zscaler was founded in 2007 by Jay Chaudhry and K. Kailash.[3] The company launched its cybersecurity platform in 2008.[4] In August 2012, Zscaler secured $38 million in funding from investors.[5] The company's second funding round, led by TPG Capital, raised $100 million in August 2015.[6] In March 2018, the company had an initial public offering (IPO) in which it raised $192 million.[7] [8] The company is traded on the Nasdaq using the symbol ZS.[9] Zscaler stock was added to the Nasdaq-100 index on December 17, 2021.[10]

Zero Trust Exchange

Zscaler's Zero Trust Exchange platform features cyberthreat protection, data protection, zero trust connectivity, and business analytics.[11] It was first announced at Zenith Live in June 2023.[12]

In January 2024, the company announced Zscaler Zero Trust SASE, enabling it to offer its first single-vendor SASE.[13] It is built on the company's AI-powered SSE platform to securely connect users, locations, and cloud services through its Zero Trust Exchange.[14] It also offers a cloud-based cybersecurity platform, Zscaler Internet Access.[15]

Acquisitions

Zscaler acquired the AI and machine-learning technology of TrustPath in August 2018; the browser security company Appsulate for $13 million in May 2019; cloud security posture management startup Cloudneeti in April 2020; and microsegmentation firm Edgewise Networks in May 2020.[16] The company purchased cybersecurity startup Trustdome in April 2021;[17] Indian cybersecurity startup Smokescreen Technologies in May 2021;[18] and cloud security firm ShiftRight for $25.6 million in September 2022.[19]

On February 14, 2023, Zscaler announced it would acquire Israeli application security company Canonic, a company focused on protecting against attacks that target software as a service.[20] In March 2024, the company acquired Israel-based data security startup Avalor, which uses AI to analyze data in search of identifying security vulnerabilities, for $310 million;[21] and network segmentation startup Airgap Network, for an undisclosed amount.[22]

External links

NASDAQ:

Notes and References

  1. Web site: Zscaler, Inc. FY 2023 Annual Report (Form 10-K) . 2023-09-14 . U.S. Securities and Exchange Commission.
  2. Web site: Haft . Brad . February 27, 2014 . The top 5 cybersecurity companies in the United States . Fortune.
  3. News: Brodkin. Jon. 10 start-ups to watch in '09. en. Network World. 2022-01-31.
  4. News: Lin . Belle . February 10, 2023 . Security Gets Blended With Corporate Networks in New Cloud Platforms . The Wall Street Journal.
  5. Web site: Messmer. Ellen. 2012-08-30. Cloud security company Zscaler attracts $38 million in funding. 2022-01-31. Network World. en.
  6. News: Kuchler . Hannah . August 3, 2015 . Cyber security start-up Zscaler nets $100m in round led by TPG . Financial Times.
  7. Web site: Deagon . Brian . March 16, 2018 . Zscaler IPO Doubles In Debut After Pricing Above Range, Raising $192 Million . Investor's Business Daily.
  8. News: Barinka . Alex . April 4, 2018 . Zscaler Rebuffed Takeover Offers Before 2018 IPO . Bloomberg News.
  9. News: Ray . Tiernan . March 16, 2018 . Zscaler Doubles in IPO: Nice Day for Tech Vet Chaudhry . Barron's.
  10. Web site: Airbnb, Lucid and Zscaler added to Nasdaq 100 tech benchmark . 2021-12-10 . . Zacks . Justin . limited.
  11. Web site: The 4 pillars of the Zscaler Zero Trust Exchange . cio.com . August 15, 2024.
  12. Web site: Cloud security leader Zscaler bets on generative AI as future of zero trust . venturebeat.com . August 15, 2024.
  13. Web site: Zscaler CEO: Palo Alto Networks’ New Bundling Strategy Will ‘Unravel Over Time’ . crn.com . August 15, 2024.
  14. Web site: Zscaler’s single-vendor zero-trust SASE brings a new approach to an old problem . siliconangle.com . August 15, 2024.
  15. Web site: Zscaler Data Protection Frequently Replacing Symantec . crn.com . August 15, 2024.
  16. Web site: Zscaler Buys Application Security Startup Edgewise Networks . crn.com . August 15, 2024.
  17. Web site: Zscaler Buys Startup Trustdome To Control Cloud Permissions . crn.com . August 15, 2024.
  18. Web site: Zscaler acquires Mumbai-based cybersecurity startup Smokescreen Technologies . economictimes.com . August 15, 2024.
  19. Web site: Zscaler Acquires ShiftRight To Boost Its Cloud Security Offerings . crn.com . August 15, 2024.
  20. Web site: Zscaler To Acquire Canonic Security To Thwart SaaS Attacks . crn.com . August 15, 2024.
  21. News: Roof . Katie . March 14, 2024 . Zscaler Buys Israeli AI-Enhanced Data Security Startup Avalor . Bloomberg News.
  22. News: Alspach . Kyle . April 11, 2024 . Zscaler To Acquire Network Segmentation Startup Airgap . CRN.