AlgoSec

Business-driven Network Security Management

Cyber Security
Private

Company Overview

Snapshot

Founded in March 2004 by Yuval Baron and Avishai Wool, AlgoSec operates with over 500 employees. The company has secured funding across one disclosed round from one investor. In December 2022, AlgoSec acquired US company Prevasio, expanding its capabilities.

Business overview

AlgoSec provides a platform that automates application connectivity and security policy across hybrid network estates, including public cloud, private cloud, containers, and on-premises networks. Its core technology offers an application-centric view of the hybrid network, enabling business owners, application owners, and information security professionals to streamline operations. The company serves enterprises across various sectors, including financial services, government, communication services, and healthcare, focusing on cyber security, network, and infrastructure security.

Strategic signal

In December 2022, AlgoSec acquired Prevasio, a US-based company. This acquisition signals AlgoSec's strategic intent to expand its technological capabilities and market reach, likely integrating Prevasio's offerings to enhance its existing security management solutions and strengthen its competitive position in the cyber security landscape.

Company Intelligence Q&A

What was a significant strategic move by AlgoSec in late 2022?
In December 2022, AlgoSec acquired the US company Prevasio, a move that likely expanded its technological capabilities and market presence in the cybersecurity sector.
When was AlgoSec founded and by whom?
AlgoSec was founded in March 2004 by Yuval Baron and Avishai Wool.
Which company partnered with AlgoSec in November 2020 to establish a joint network protection solution?
In November 2020, Deloitte partnered with AlgoSec to establish a joint network protection transformation solution for enterprises.
What was a key product availability update for AlgoSec in November 2020?
In November 2020, AlgoSec CloudFlow became available in the AWS Marketplace, expanding its reach to cloud customers.
What was a notable partnership for AlgoSec in early 2020?
In February 2020, Cisco partnered with AlgoSec, integrating AlgoSec's network security management solution into Cisco's global price list.

External links