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Hewlett Packard Snags Israel’s Axis Security for $500 Million

Axis Security

Axis Security Founders CEO Dor Knafo and CTO Gil Azrielant

Hewlett Packard Enterprise is acquiring Israel’s cybersecurity startup Axis Security for $500 million. Axis, which has developed cloud-based Security Services Edge (SSE) has raised $500 million to date.

Cybersecurity is more important than ever, so it is one of the fields – along with defense – to be in demand even in times of recession and contraction in the markets. And what country has a better reputation in this field than Israel, who seems to have an unlimited number of cybersecurity experts to draw from who come out of the IDF’s vaunted high-tech units.

Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.

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And everything is going into the cloud these days. Do you use Google Docs, or any of the other Google services? Well then all of your files are stored in servers located around the world. The same thing is also now true with MS Office which offers customers cloud based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.

Cloud security, in turn, refers to the technologies, policies, controls, and services that protect cloud data, applications, and infrastructure from threats.

Founded in 2018 by its CEO Dor Knafo and CTO Gil Azrielant, Axis Security boasts that it can enable any organization to “quickly deliver tightly managed global access to employees, partners and other stakeholders through a purpose-built zero-trust cloud security platform.” Unlike legacy solutions that create excess access and unnecessary risk, Axis Security declares that its unique Application Isolation Technology “assures access to only the resources required.”

Axis Security’s Security Services Edge (SSE) platform addresses the need for improved application performance and increased network security as the number of remote users increases and as enterprises continue to migrate applications to the cloud

“We developed Axis Security to enable a world where connectivity to every business resource, from anywhere, could always be simple, safe and reliable,” said Dor Knafo, CEO of Axis Security. “Our SSE platform is a natural complement to Aruba’s SD-WAN, network firewall, and dynamic segmentation offerings. Together, we create a unified SASE platform, designed to extend connectivity to edge, and do so through a combination of modern access services – all working together in harmony.”

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