Advertisement
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.