Netskope acquires WootCloud to help customers protect IoT devices on their networks

Netskope announced that it has acquired WootCloud, an innovator in applying Zero Trust principles to IoT security.

The acquisition brings Netskope WootCloud’s HyperContext security platform, which provides end-to-end visibility, context and threat remediation for managed and unmanaged devices, and will extend the acclaimed SSE and Zero Trust capabilities of Netskope to protect enterprise IoT devices at scale.

The massive volume of internet-connected devices continues to grow; By 2025, there will be 55.7 billion connected IoT devices (“things”), generating nearly 80 billion zettabytes (ZB) of data1. WootCloud technology will enable Netskope customers to support user- and device-centric policies with Zero Trust principles applied to govern access to and interactions with critical data.

As Gartner notes, by 2026, 50% of organizations will prioritize advanced data security features for inspection of data at rest and in motion as a selection criteria for SSE, up from 15% in 20212.

Founded in 2016 in San Jose, CA, WootCloud offers device discovery, classification, and control to help customers gain deep visibility and context across all devices in their networks (managed and unmanaged) and provide a risk and threat assessment measure for devices that can be leveraged as part of a larger IoT security strategy. WootCloud’s cloud-based platform is capable of collecting billions of daily measurements of device characteristics, and this telemetry data is then analyzed using proprietary AI/ML models for device classification, risk assessment and threat detection.

WootCloud critical use cases include:

  • Device classification and visibility to discover managed and unmanaged devices, classify and provide contextual information, and provide in-depth information that “justifies” an asset inventory.
  • Device Riskdynamically verified by continuous real-time monitoring to detect malicious behavior and exchange device attributes with security operations tools for corrective action.
  • Access control and segmentation to provide dynamic asset clustering, automate network segmentation, and facilitate various actions using existing network access control (NAC), firewalls, access points, and other technologies.
  • Cybersecurity Asset Management to ensure compliance with corporate policies and gain insight into license usage, helping to optimize the overall IT environment.

“Securing a hybrid work environment includes the ability to establish adaptive zero trust between users, devices, networks, applications and data, which builds trust in policy enforcement everywhere,” said Sanjay Beri, CEO and co-founder of Netskope. “WootCloud’s innovative technology will further extend Netskope’s industry-leading SSE and Zero Trust capabilities, ensuring critical data is protected from the network, cloud, and enterprise IoT devices.”

“Netskope is a clear leader in Security Service Edge and Zero Trust, and it makes perfect sense to combine and extend our collective capabilities to protect enterprise IoT devices at scale,” said Amit Srivastav, CEO of WootCloud. “We’re so proud of what we’ve accomplished with WootCloud, and we’re excited to join Netskope on this next step in the growth journey.”

“WootCloud has been a fantastic partner for Dartmouth, designing and executing solutions to meet Dartmouth’s enterprise security needs,” said Mitchel Davis, vice president and chief information officer, Dartmouth College. “WootCloud’s decision to join Netskope will help the combined company continue to grow in a way that prioritizes scale while preserving the innovation that made WootCloud special. Netskope is a recognized security leader and we are excited to continue this partnership. »

Zero Trust principles are essential to implementing Secure Access Service Edge (SASE), which converges critical security, networking, and business value requirements into a single technology architecture. Gartner cites that, by 2025, at least 60% of enterprises will have explicit strategies and timelines for SASE adoption encompassing user, branch, and edge access, up from 10% in 20203.

Properly Implemented SSE, which outlines the security stack needed to enable the SASE architecture, fundamentally includes zero trust and transforms what enterprises can achieve for security at scale.

Financial terms of the acquisition are not disclosed. WootCloud CEO Amit Srivastav has joined Netskope as Executive Advisor to the CEO, and the entire WootCloud engineering team, led by founding CEO Srinivas Akella, has joined Netskope’s engineering organization.

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