Thursday, December 8, 2022
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McAfee to Acquire Skyhigh Networks

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McAfee and Skyhigh Networks announced a definitive agreement to combine businesses, with McAfee acquiring Skyhigh Networks for an undisclosed amount. The move comes less than eight months after McAfee established itself as one of the world’s leading pure-play cybersecurity companies, dedicated to being the preferred cybersecurity partner to customers.

Skyhigh Networks and McAfee will complement each other’s portfolio and mission, allowing customers to modernize their cybersecurity environments and protect their most valuable asset – data – as it moves to the cloud. The combination of McAfee and Skyhigh will establish the leading company to provide the cybersecurity architecture of the future, with endpoint and cloud as the critical control points, linked by the security operations center with actionable threat intelligence, analytics and orchestration, and enabled by an open ecosystem.

Skyhigh Networks CEO Rajiv Gupta will join McAfee CEO Chris Young’s leadership team to run McAfee’s new cloud business unit. Skyhigh’s existing organizational structure will remain generally intact, ensuring continuity for customers and partners. At the same time, Skyhigh will benefit from McAfee’s global scale and integrations to McAfee’s broad and deep product portfolio to even better protect customers.

 “Skyhigh Networks had the foresight five years ago to realize that cybersecurity for cloud environments could not be an impediment to, or afterthought of, cloud adoption,” Young stated. “They pioneered an entirely new product category called cloud access security broker (CASB) that analysts describe as one of the fastest growing areas of information security investments of the last five years – where Skyhigh continues to innovate and lead. Skyhigh’s leadership in cloud security, combined with McAfee’s security portfolio strength, will set the company apart in helping organizations operate freely and securely to reach their full potential.”

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