Datadog, Inc., the monitoring and security platform for cloud applications, has announced that it has entered into a definitive agreement to acquire Sqreen, a SaaS based security platform that enables enterprises to detect, block and respond to application level attacks.
The addition of Sqreen’s application security capabilities will provide development, security and operations teams a unified platform to deliver and manage secure and resilient applications.
“The application layer is currently one of the most vulnerable and exploitable attack surfaces,” said Olivier Pomel, CEO, Datadog. “In combining Sqreen with Datadog, we plan to close the gap between application developers and security teams and provide our customers robust application security, without the disjointed visibility, high implementation costs and steep learning curve of traditional application security products.”
“Today’s announcement marks an exciting new chapter for Sqreen that will enable us to deliver on our mission of creating a more secure future for all organizations,” said Pierre Betouin, CEO, Sqreen. “As part of Datadog, we will be able to accelerate the way we build security tools that automate application protection, threat detection, and security monitoring to deliver more value to customers.”
The transaction is subject to certain customary closing conditions, including receipt of required regulatory approvals, and is expected to close in Q2 2021.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.