Cybersecurity software maker Imperva Inc. today said it has acquired runtime application self-protection security startup Prevoty Inc. for $140 million.
Founded in 2013, Los Angeles-based Prevoty offers RASP security that is said to enable enterprises to automatically protect their applications in production. Its web application security-as-a-service is claimed to pioneer a new approach to securing web applications through technology that allows enterprises to embed security within the application, providing a personalized, configurable security solution.
With the acquisition, Imperva customers will be offered expanded security capabilities, including improved visibility into how applications are accessed, what happens within the applications and how applications and users interact with data.
“Prevoty will enable customers using agile development to natively build security into their applications, extending Imperva’s reach into the DevOps market,” Imperva explained. “Prevoty combines the rich, detailed context of the application itself with an easy-to-deploy security solution that integrates seamlessly into continuous integration and continuous deployment life cycles.”
“The acquisition is expected to advance our hybrid security strategy and further our mission to deliver best-in-class cybersecurity solutions,” Chris Hylen, president and chief executive officer of Imperva said. “Prevoty complements current Imperva application and data security offerings.”
Upon the deal closing, Prevoty’s existing employees will be offered employment with Imperva and the Los Angeles office will be retained as an Imperva branch office.
Prevoty had raised $25.8 million in venture capital funding from investors that included U.S. Venture Partners, Double M Partners, Paige Craig, Karlin Ventures, Plus Capital, ForgePoint Capital and Digi Ventures.
Prevoty is a provider of web application security-as-a-service, is pioneering a new approach to securing your web applications.
Prevoty's proprietary technology allows enterprise to embed security within the application, providing a highly personalized, configurable security solution for companies of all sizes and industries. Since its launch, some of the top technology, media, retail and finance companies use Prevoty for its powerful security, ease of use and flexibility, protecting their web applications against the top OWASP threats. The company is based in Los Angeles, CA, where it protects over half a billion unique users every sub-millisecond.
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