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2/12/2019
11:15 AM
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Symantec Acquires Luminate to Build on Cloud Security

Luminate Security, which specializes in software-defined perimeter technology, will extend Symantec's integrated defense platform.

Symantec has confirmed its acquisition of Luminate Security, a startup specializing in software-defined perimeter technology and zero-trust access between users and cloud applications.

As more companies adopt infrastructure, they must still be responsible for their data and users. Luminate's Secure Access Cloud is built to handle access to corporate resources and applications both on-prem and in the cloud. IT and security managers can scale private access control so employees only have access to data and applications they are authorized to use.

Symantec plans to leverage Luminate's technology in its Integrated Cyber Defense platform. Its goal, it seems, is to strike the delicate balance between cloud security and user experience.

Terms of the acquisition were not disclosed. Luminate has raised a total of $14 million in funding over two rounds; most recently, it announced $11 million in Series A in March 2018. Prior to this deal, Symantec purchased mobile security vendor Skycure and browser isolation firm Fireglass, both within a two-week window in July 2017.

Read more details here.

 

 

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