CYE's Acquisition of Solvo Enhances Cloud Security in Multi-Cloud Environments

CYE Expands Cloud Security Ventures with Solvo Acquisition

In a significant move to bolster its position in the cybersecurity landscape, CYE, recognized as a front-runner in cyber exposure management, has announced the acquisition of Solvo's technology focusing on Cloud Security Posture Management (CSPM) and Cloud Infrastructure Entitlement Management (CIEM). This strategic acquisition aims to enhance CYE's capabilities to manage and mitigate cyber exposure across an expanding multi-cloud attack surface.

As organizations increasingly embrace cloud computing, they often engage multiple cloud service providers. Consequently, the complexity of managing security vulnerabilities amplifies, leading to higher risks of misconfigurations and exposures. CYE understands this evolving threat landscape and is actively working to provide effective solutions that keep pace with these changes.

Integrating Expertise for Stronger Security Measures

The technology that Solvo brings to the table will complement CYE's existing Hyver platform effectively. Through deeper visibility into the cloud assets utilized by clients, the Solvo technology addresses critical configuration gaps that could otherwise lead to security breaches. With this integration, businesses will be equipped to continuously bolster their cloud security postures, significantly reducing overall risk by identifying and remediating vulnerabilities.

Reuven Aronashvili, Founder and CEO of CYE, emphasized the importance of this acquisition by stating, "As cloud adoption continues to accelerate, often with more than one cloud service provider, so does the scale of cybersecurity vulnerabilities and potential misconfigurations. The acquisition adds native considerations for cloud-based weaknesses into our ongoing exposure management platform. We are thrilled to bring in Solvo's expertise to enhance security for organizations globally."

Commitment to Expanding Value Across Markets

By enhancing CYE's service offerings through this acquisition, the company not only improves its security solutions for existing clients but also amplifies its market reach via channel partners. This is an essential strategy as CYE seeks to deliver increased value to customers across various sectors worldwide.

Shira Shamban, Co-Founder and CEO of Solvo, expressed her enthusiasm regarding the union, stating, "Joining forces with CYE is a considerable milestone for us. We have persistently aimed to aid organizations in securing their cloud environments. With CYE, we can now offer more robust tools for managing cyber exposure, leveraging their extensive resources and industry presence to enhance security postures effectively."

About CYE and Solvo

CYE's innovative exposure management solution revolutionizes security strategies by quantifying exposure in financial terms, visualizing exploitable attack paths, and developing tailored mitigation plans. The platform is designed to elevate the cybersecurity maturity of organizations by mapping weaknesses and aligning them with recognized industry frameworks. Established in 2012 in Israel, CYE has successfully catered to numerous organizations around the globe.

On the other hand, Solvo specializes in automatically identifying, prioritizing, and mitigating access risks within cloud infrastructure, utilizing sophisticated monitoring and analysis methods. As a pioneer in developing a data-aware CIEM platform, they offer context-driven insights designed for the fast-paced world of cloud-native environments.

In conclusion, the acquisition of Solvo by CYE marks a pivotal step in advancing cloud security measures. By integrating both companies' strengths, they aim to navigate the complexities of the cybersecurity landscape, ultimately fostering enhanced protection for businesses operating within multi-cloud frameworks across the globe.