NEW YORK -Privatise, an Israeli provider of network security solutions for both in-office and remote work, was acquired by Coro, the cutting-edge cybersecurity platform for mid-market businesses. The purchase strengthens Coro’s all-in-one platform’s essential SASE capabilities. It is a critical component of the company’s ambitious growth plan, which has been supported by its USD 155 million in fundraising over the past 12 months and aims to both organically and strategically increase the capabilities of its cybersecurity platform.
Gartner projects that by 2025, 80% of businesses will have adopted a strategy to integrate online, cloud, and private application access utilizing a SASE/SSE architecture as the network edge continues to grow.** The difficulty for mid-market firms is managing the expense and complexity generally associated with SASE implementations, given their small IT teams, tight financial constraints, and scant to nonexistent cybersecurity experience.
With the acquisition of Privatise, Coro can now provide a single point of comprehensive security and protection for any organizational setup, all controlled via a single, cloud-based platform. By integrating military-grade VPN, Secure RDP, ZTNA, Next Generation Firewall, and DNS Filtering into Coro’s comprehensive security architecture, the SASE solution from Coro closes any security vulnerabilities brought on by siloed SASE techniques. Coro can safeguard a person, the device they use, the network they connect through, their emails, and the data they access, use, and share, all while guaranteeing compliance with crucial supply chain and industry laws, regardless of whether a company’s assets are cloud-first, on-prem, or hybrid.
Since its inception, Coro has concentrated on providing mid-market businesses with an extensive, cost-effective, and user-friendly cybersecurity solution, according to Guy Moskowitz, CEO of Coro. We offer the first mid-market solution in the industry to give cloud-native, frictionless, and secure access to apps and resources regardless of location or device by integrating Privatise’s SASE capabilities into our platform. We’ll keep making investments in Coro’s platform, both naturally and through acquisitions, to support businesses in enhancing their security posture and operational effectiveness.
The most recent achievement in Coro’s expansion and momentum is the acquisition of Privatise. Energy Impact Partners contributed $75 million to the company’s investment round announced in April, increasing the total amount raised in the previous 12 months to $155 million.
Coro offers cutting-edge cybersecurity that consolidates all forms of protection onto a single platform. Coro protects businesses from email, device, user, and cloud application risks such as malware, ransomware, phishing, data leakage, and insider threats. Coro provides outstanding protection, unsurpassed usability, and unmatched cost for more than 5,000 enterprises. Without IT teams needing to worry, look into, or resolve problems independently, Coro’s cybersecurity platform automatically detects and remediates the numerous security threats that today’s distributed enterprises confront. Balderton Capital, JVP, and Ashton Kutcher’s Sound Ventures are additional Coro and Energy Impact Partners investors.
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