Trend Micro has acquired Cloud Conformity, a software platform that helps partners and customers to spot and mitigate cloud security misconfigurations across Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP).>
MSSP Alert – Joe Panettieri
OpenText late on October 18 released a statement saying that it was not considering a potential acquisition of Micro Focus. The statement surfaced after Bloomberg speculated a deal may be brewing. Micro Focus shares rose nearly 7 percent today amid the takeover rumors on October 18. The snuffed-out takeover rumors follow chatter in September 2019 that suggested private equity firms may want to acquire Micro Focusâs Arcsight and Fortify security software units, according to DealReporter sources. At the time, interested parties apparently included Carlyle, Veritas and KKR. All of Cloud Conformityâs employees â including 50 developers and engineers â will join Trend Micro. Cloud Conformity, founded in 2016, has 100-plus customers and offices in Sydney, Australia; Dallas, Texas; London, United Kingdom; Montreal, Canada and Singapore. Financial terms of the deal and specific revenue figures for Cloud Conformity were not disclosed.
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