Symantec acquires Luminate in an effort to peruse cloud security

Luminate’s ‘Secure Access Cloud™ ‘ further extends Symantec’s ‘Integrated Cyber Defense Platform’ expertise to users.

Renowned California-based software magnate Symantec Corp has made it to the headlines for having apparently put forth an acquisition offer for Luminate Security. As per credible reports, the cybersecurity firm planned the takeover of the Israel-based company in a bid to accelerate its security systems for cloud computing.

Trusted sources with the knowledge of the matter claim that Luminate Security's Secure Access Cloud tech will now extend the capability of Symantec’s Integrated Cyber Defense Platform to users without them having to consider the infrastructure through which they are accessed or where they deploy their workloads. Ergo, the buyout will help Symantec offer highly secure, enhanced cloud-based services to its customers, the sources add.

The acquisition of Luminate marks Symantec’s third Israeli company takeover in the last couple of years. A global leader in the domain of information security, Symantec, also one of the biggest anti-virus software suppliers across the globe, acquired Israeli firms Fireglass, specializing in browser isolation, for around USD 250 million and SkyCure, specializing in mobile device protection, also for USD 250 million, in 2017.

For the uninitiated, Luminate’s cyber security technology is built for today's cloud-driven world and enables enterprises to scale ‘no DNS’ access control and provide user connections only to specific applications and resources.

According to an official press release by Symantec, Greg Clark, President and CEO of the company, was quoted stating that in an era where more and more corporations are liable to now run their business on infrastructure operated by third parties like AWS, Google, and Azure, retaining trust in external infrastructure remains a crucial consideration. Amid this scenario, incorporating Luminate in the company’s Integrated Cyber Defense Platform puts Symantec at the forefront of cloud security, Clark affirms.

Further elaborating on the acquisition, Clark added that Symantec is thrilled to join hands with Luminate and looks forward to the robust delivery of this capability to its customers and continue providing significant value to users’ cloud journey.

As per reliable sources neither Symantec Corp nor Luminate Security have disclosed any financial details pertaining to the said acquisition so far.