Netskope Acquires Wootcloud, Extending Zero Trust Capabilities To Enterprise Iot
Jun 01, 2022•over 3 years ago
Acquiring Company
Netskope
Acquired Company
Netskope
Description
Netskope, the leader in Security Service Edge (SSE) and Zero Trust, today announced it has acquired WootCloud, an innovator in applying Zero Trust principles to IoT security. The acquisition brings to Netskope WootCloud's award-winning HyperContext® Security Platform, which provides end-to-end visibility, context, and threat remediation for managed and unmanaged devices, and will extend Netskope's acclaimed SSE and Zero Trust capabilities to protect enterprise IoT devices at scale.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed