CyberArk, the identity security company, has acquired cloud security specialist C3M

Identity protection company CyberArk has acquired cloud security specialist C3M for an undisclosed sum.

CyberArk, based in Newton, Mass., has 2,504 employees, and C3M, based in San Francisco, Calif., has 41, according to LinkedIn.

This is the 728th tech M&A deal that MSSP Alert and sister site ChannelE2E have covered so far in 2022.

A closer look at C3M

C3M provides a 100% cloud-based API-based security management and compliance platform. According to a LinkedIn profile, this capability gives the company full control over cloud security and intelligence across AWS, Google Cloud and Azure infrastructure.

In fact, the Cloud Security Posture Management (CSPM) market is growing rapidly and according to a new market estimate, it is expected to more than double from USD 4.2 billion in 2022 to USD 8.6 billion by 2027 at a CAGR of (overall growth rate of the ad) 15.3%. as reported by MSSP Alert.

Padmanabhan “Paddy” Viswanathan, founder and former CEO of C3M and vice president of cloud security at CyberArkexplained the inspiration for the purchase:

“Joining CyberArk is the next step in our journey at C3M. We are extremely proud of the company we have built. We set out to build the world’s most comprehensive cloud-based security platform, and now as part of a leading research organization shaping the future of Identity Security, I’m confident we’ll do just that. I couldn’t be more excited for what’s to come.”

Viswanathan explained that C3M’s talent and Technologies will strengthen specific analytics and monitoring capabilities to empower organizations to intelligently secure privileged access in the cloud:

“The introduction of C3M’s automatic threat and incident detection capabilities for identity-related compliance breaches and misconfigured cloud resources, combined with behavioral baselines and risk assessments for all identities, will further strengthen CyberArk offers intelligence and analytics.”

He added that the CyberArk Identity Security Platform provides session auditing for both shared and real-time sessions to cloud resources. Additionally, the platform is applicable for both human and machine in business applications, distributed workforces, hybrid cloud workloads, and throughout the DevOps lifecycle. C3M now plans to expand additional monitoring capabilities that will enhance the ability of cloud security teams to automatically identify risky behavior in the public cloud and continuously monitor specific resources.

C3M launches a new cloud service

Also this week, C3M announced the launch of its Cloud Security Assessment as a Service in North America to help companies gain instant insight into their cloud infrastructure and cloud security posture.

The fully automated, 100% API-based and completely agentless service discovers an organization’s cloud assets and identifies risky configurations, C3M said. While benchmarking basic cloud security against industry best practices, C3M’s assessment service also verifies a company’s resources against security policies and multiple compliance standards, including FedRamp and NIST.

Viswanathan believes that it is extremely important for companies to identify the risks in their cloud infrastructure:

“Our automated security assessment highlights time constraints and vulnerabilities in an organization’s cloud. We’ve already had great success in North America, especially with Equifax as a major customer. We believe that the launch of our new Cloud Security Assessment as a Service technology will provide further market penetration.”

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