Cloud security company CensorNet, has been acquired in a closed deal by a group of industry veterans, led by new CEO and Chairman, Ed Macnair. The acquisition will accelerate product development, which includes a new cloud security offering which is predicted to go live in April 2015.
Macnair and his new board of directors, Dr Steve Garnett, Craig Probert and Tim Cagle, bring a wealth of relevant industry experience to the business with proven track records in successfully developing and leading technology organisations.
Macnair was founder and CEO of SaaSID, a UK based single-sign on and application security vendor, which was acquired by Intermedia Inc. in September 2013. Before this, he was CEO of Marshal, a global web and email security company which merged with US based web security provider 8e6 Technologies to form M86 Security. Macnair has also held senior management positions with MessageLabs, Symantec, IBM and Xerox.
Ed Macnair, CEO and chairman of CensorNet, comments: “The phenomenon of cloud service consumption is set to grow even faster in the next few years, with more than a quarter of all applications expected to be in the cloud by 2016 but at the same time organisations continue to face increased concerns about data security. The internet has changed the way we do business, but security technology has not caught up with the increased use of cloud applications in the workplace.”
“Organisations demand greater visibility to understand and manage the security risks posed by users’ accessing the web and cloud applications. Today’s cloud security solutions need to be able to provide in-depth discovery capabilities and detailed analytics around internet and web application usage as well as providing robust security to protect against web-borne threats. CensorNet is well-positioned to help organisations address these challenges and we are passionate about the opportunity to bring this exciting technology to a wider market.”