SonicWALL targets SMB security with two corporate acquisitions
Security firm SonicWALL today announced that it has acquired data backup company Lasso Logic together with the assets of enKoo, a developer of remote access technology.
San Francisco-based Lasso is an early-stage company providing continuous data protection for backup and recovery systems, for the small and medium business (SMB) market.
Lasso says its tapeless, hands-free, appliance-based technology aims to eliminate the need to purchase separate backup software, hardware, servers and storage products. Its flagship product, Lasso CDP is a continuous data protection appliance.The disk-based product includes user-level instant data recovery, central administration and offsite data protection technology.
SonicWALL's second purchase, enKoo, is based in San Jose. It focuses on a core technology offering of secure remote access products for SMBs.
With these acquisitions, SonicWALL said the purchases give it "a strong entry" point to the growing data protection segment, while extending its remote access capabilities.
"Small and medium-sized businesses share a number of key concerns about their data: They want to know that their information is safe; they want to access it whenever they need to; and they want assurance that only authorized individuals can access it," said Matthew Medeiros, president and chief executive officer of SonicWALL. "We see continuous, dynamic data protection as a natural extension of our product line, complementing our existing capabilities in secure content management, unified threat management and remote access."
Financial terms of the deals were not immediately disclosed.