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VMware acquires network security firm Lastline, said to lay off 40% staff

VMware acquires network security firm Lastline, said to lay off 40% staff

VMware is buying community safety agency Lastline, TechCrunch has realized.

Since its launch in 2012, Lastline raised about $52.2 million, in response to Crunchbase. Investors embrace Thomvest Ventures, which led the corporate’s $28.5 million Series C spherical in 2017, Redpoint and e.ventures, which led the corporate’s 2013 funding spherical, in addition to Barracuda Networks, NTT Finance and Dell Technologies Capital.

A supply tells us that VMware will let go some 40 % of Lastline’s staff — about 50 staffers — as a part of the acquisition. We requested a Lastline spokesperson for remark previous to publication however didn’t hear again. A spokesperson for VMware additionally didn’t reply to a request for remark.

After we printed, Lastline confirmed the acquisition in a weblog submit.

“By becoming a member of forces with VMware, we will provide further capabilities to our prospects and produce to market complete safety options for the information middle, department workplace and distant and cellular customers,” stated Lastline’s chief govt John DiLullo.

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Terms of the deal weren’t disclosed. The deal, topic to regulatory approvals is anticipated to shut by the top of July.

Lastline gives menace detection companies principally give attention to the community stage, however they vary from malware evaluation to intrusion detection and community visitors evaluation. The firm prides itself on being a cloud native platform and as such, it guarantees to safe cloud deployments and on-premises networks, in addition to multi-cloud and hybrid environments.

Recently, help for cloud-native hybrid- and multi-cloud deployments has very a lot been a spotlight for VMware, which makes Lastline a fairly apparent match for its total technique. This additionally marks VMware’s third safety acquisition this yr, after it picked up community analytics agency Nyansa in January and cloud-native safety platform Octarine in May. VMware additionally acquired safety agency Carbon Black in August 2019. The development right here is fairly apparent and VMware is clearly making an attempt to place itself because the supplier of selection for enterprises which can be on the lookout for cloud-native

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The firm was based by Christopher Kruegel, Engin Kirda, Giovanni Vigna, a crew of laptop science professors from the University of California, Santa Barbara and Northeastern University.

News of the acquisition comes every week after VMware introduced stable Q1 earnings of $386 million, or $0.92 a share. Revenues got here in at $2.73 billion, up about 12% on the identical interval a yr in the past. VMware CEO Pat Gelsinger attributed the quarter to the shift to work-from-home sparked by the coronavirus pandemic.

VMware was down barely at Thursday’s market shut.

Updated to incorporate Lastline’s weblog submit on the acquisition.

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