Qualys acquires Nevis Networks

PUNE: Cloud based security firm Qualys today announced that it will be acquiring certain assets of Pune based Nevis Networks. The company builds endpoint security solutions and high performance security products which allow enterprises share access to managed and unmanaged users on enterprise LANs. The terms of the deal, a cash transaction, were not disclosed.

"This transaction will enable the strengthening of Qualys' technology stack and commercial presence in India, which represents a significant market opportunity," said Philippe Courtot, chairman and CEO, Qualys, Inc. "Nevis Networks has built a series of high performance and low-cost network traffic analysis tools that help enterprises enforce network access control to business applications based on policy, which Qualys will natively integrate into the Qualys Cloud Platform. In essence this acquisition helps us to strengthen our forthcoming passive scanning offering and accelerate our entrance into the adjacent market of mitigation and response."

The acquisition is expected to provide significant domain expertise in passive scanning technologies and allow Qualys to accelerate its move into the adjacent market of mitigation and response at endpoints. Nevis Networks will be integrated with Qualys’ existing operation in Pune and the engineering team at Nevis will be integrated with Qualys.

Qualys would continue to support existing Nevis customers and sell their products and solutions in India. The transaction is expected to close during the third quarter on 2017.