
Founded in 2012, CYE is a trusted cybersecurity partner to organizations across industries and around the globe. As a leader in cyber exposure management, CYE aims to improve customers’ cybersecurity posture and reduce risk. The recently announced strategic acquisition of Solvo is a significant step in enhancing CYE’s ability to help its customers.
Solvo’s advanced Cloud Security Posture Management (CSPM) and Cloud Infrastructure Entitlement Management (CIEM) technologies can help to manage cyber exposure in modern digital environments. With the constant growth of attack surfaces and advances in threat capabilities, managing cyber risk in sprawling multi-cloud environments is a crucial part of an effective cybersecurity strategy.
Details of the Acquisition
The technologies acquired from Solvo complement CYE’s services and enhance their capabilities. The advanced CIEM enables governance and management of access and permissions within cloud infrastructure, while CSPM monitors the cloud environment for secure configurations, policies, and best practices. These technologies reduce risk and bolster cybersecurity in complex cloud environments, making them useful solutions in a modern digital landscape.
The acquisition of these technologies is a strategic move for CYE, highlighting the company’s dedication to the continuous improvement of its services and capabilities. By obtaining and incorporating advanced cloud management technologies, CYE shows a commitment to enabling cyber exposure management as attack surfaces continue to grow and spread out.
CYE’s continuous exposure management platform, Hyver, will be enhanced by the addition of Solvo’s CIEM and CSPM capabilities. Integrating these technologies will empower CYE to help customers gain deep visibility into cloud assets, more effectively detect and address security gaps, reduce cyber risk, and fortify their cloud security posture.
Implications for Multi-Cloud Security
Managing security and cyber risk in complex cloud environments is one of the most difficult aspects of cybersecurity in a modern digital landscape. Many organizations use multiple cloud platforms or combine cloud and on-premises solutions, often making it complicated and intensive to ensure full visibility and control over the entire environment.
The acquisition of Solvo’s CIEM and CSPM technologies will enable CYE to address the challenges of modern cybersecurity more effectively. These technologies are designed and developed specifically to enhance security in complex multi-cloud environments, enabling organizations to maintain their security posture even as their attack surfaces grow.
Industry Perspectives
The new acquisition is a major move for both companies, empowering them to combine their cyber risk management capabilities and expand their reach. It is also indicative of a shift in the broader landscape as more and more organizations ramp up their adoption of cloud solutions, creating large and sprawling attack surfaces that require advanced solutions to manage. This acquisition may inspire other cyber risk management companies to attempt to similarly expand their cloud security capabilities.
“I am excited to integrate yet another world-class platform within Hyver,” says Reuven Aronashvili, Founder and CEO of CYE. “The more complex an organization is, the more CYE can provide[.]”
Shira Shamban, Co-Founder and CEO of Solvo, shared a similar sentiment: “We have always been committed to helping organizations secure their cloud environments, and by joining CYE, we can now offer even more powerful tools to manage cyber exposure with effective mitigation and validation.” This reflects an industry desire to take steps to address the most pressing cyber threats of the time.
Future Outlook
CYE plans to further integrate and develop improvements to cyber exposure management technologies and capabilities. This is the company’s second major acquisition in recent years, and they intend to “continue to strive for excellence” and “revolutionize the cybersecurity market,” according to Aronashvili. Technologies involved in regular business operations, cybersecurity measures, and cyber threat activity are constantly evolving, and leading cybersecurity companies can only succeed by adapting to this change.
With many organizations relying on complex cloud environments, cloud security is becoming more and more important. Along with other trends like the growth of artificial intelligence and machine learning and the increasing threat of supply chain and third-party risks, cloud platforms are only growing more prevalent, making cloud security a crucial pillar of enterprise IT strategies.
Conclusion
This acquisition represents an industry leader's move to expand its capabilities and enhance its services. Both companies benefit from CYE’s acquisition of Solvo’s CIEM and CSPM technologies, and their customers will benefit as well. Developing and maintaining a security strategy that addresses modern threats and adapts to trends and advances that arise is essential for any organization to adequately protect against threats in modern cloud environments. Cloud security management should be a major part of organizations’ security strategies, and this acquisition can enable that for CYE’s customers.