Zscaler to Acquire Israeli Startup Canonic Security


Financial terms of the transaction were not disclosed.

Canonic Security, based in Tel Aviv, Israel, emerged from stealth exactly a year ago with $6 million in seed-stage venture capital funding for technology in the third-party app governance space.

The publicly traded Zscaler, based in San Jose, CalifCanonic’s platform is designed to prevent expanding risks associated with SaaS supply chain attacks.

Zscaler is betting there’s a growing market for securing the connections behind business tools like Atlassian, Microsoft 365 or Salesforce to thousands of third-party applications and browser extensions.