VMware, the cloud infrastructure giant has announced that it is acquiring Redwood City-based Lastline, a company that offers security services. Both the involved parties have not disclosed the financing details of the deal but one thing which is surfacing is that VMWare will layoff 40% of the employees.
Launched in 2012 by Christopher Kruegel, Engin Kirda, and Giovanni Vigna. Lastline provides malware protection platform that can detect and stop threats to the system. It had raised $52.2 million in funding since its inception. The backers of the firm include the names like Barracuda Network NTT Finance, Redpoint, OUP, WatchGuard, Thomvest Ventures, Dell Technologies Capital, and Sand Hill East.
VMware’s networking and security business unit general manager Tom Gillis through a statement said that “Upon the close of this deal, we will bring a world-class team of network-focused anti-malware researchers and developers, and go-to-market security experts, into the NSX team."
John DiLullo, the CEO of LastLine commenting on the deal noted that “By joining forces with VMware, we will be able to offer additional capabilities to our customers and bring to market comprehensive security solutions for the data center, branch office, and remote and mobile users."
Talking further about the company, he said, “Lastline detonates more than five million file samples daily, and the Lastline technology protects more than 20 million users across 1000’s of organizations around the world, including 5 of the 10 largest financial institutions.”
It will be interesting to see how the company utilizes the services and expertise of LastLine.
Image courtesy: SDxCentral