Digital Guardian Buys Code Green as Security Industry Consolidates
A local cybersecurity company is on the move amid larger market forces: Waltham, MA-based Digital Guardian has acquired Code Green Networks, a data-protection firm headquartered in Silicon Valley, for an undisclosed sum.
This is Digital Guardian’s third acquisition in the past year, following deals with Armor5 and Savant Protection. The company now has 275 employees, including 25 from Code Green, according to a spokeswoman.
The deal is representative of some consolidation that’s happening in the cybersecurity industry. Security-tech companies see opportunities to broaden and unify their offerings for organizations that are increasingly under attack from inside and outside their own networks. Another local example is Bit9’s acquisition of Carbon Black last year. The industry is also seeing more collaboration among big companies, startups, and defense contractors.
Digital Guardian (formerly known as Verdasys) is known for its endpoint data-security software—that means it protects against data theft at the end-user level (computers and other devices). With the new acquisition, it is broadening out to tackle data security in corporate networks, servers, databases, and the cloud.
“Our mission is to provide ubiquitous data protection,” says Digital Guardian CEO Ken Levine in a company statement. He adds that Code Green’s “network and cloud solution is the ideal complement to our own endpoint [data loss prevention] and threat detection and response offerings.”
Code Green was founded in 2004 in Sunnyvale, CA. Its focus is on enterprise customers that need to manage regulated and sensitive information. The company has partnerships with big technology players like Box, Dell, Oracle, and Hewlett-Packard.