2024-03-15 11:11:48.AIbase.6.6k
Cloud Security Company Zscaler Acquires Avalor to Expand AI Features
Zscaler has acquired Avalor for $310 million to expand its AI capabilities. The acquisition will streamline processes such as security incident reporting, incident mitigation, and asset discovery. The Avalor team will benefit from Zscaler's market resources and customer base. Zscaler is publicly traded with a market capitalization of approximately $30 billion and has around 7,000 employees. Analysts believe this acquisition will stimulate activity in the cybersecurity market.
