News & Analysis

Cybersecurity giant Trend Micro buys Sydney startup Cloud Conformity for $100m

- October 22, 2019 < 1 MIN READ

Michael Watts, Cloud Conformity CEO & co-founder and Kevin Simzer, Chief Operating Officer, Trend Micro.

Tokyo Stock Exchange-listed cybersecurity firm Trend Micro has bought three-year-old Australian software startup Cloud Conformity for US$70 million (AU$102m). 

Cloud Conformity, launched in Sydney in 2016 and US-headquartered, offers infrastructure security, compliance and optimisation on public cloud through Microsoft Azure and Amazon Web Services (AWS). It’s an AWS Advanced Technology Partner. Its clients include Virgin Australia and its advisory board includes Atlassian’s head of security, Daniel Grzelak, and Xero’s head of security engineering & architecture, Aaron McKeown.

In August last year, Cloud Conformity raised US$3.7 million in Series A funding led by Paladin Capital Group, with Jump Capital.

Trend Micro said it will bring across Cloud Conformity’s Sydney-based staff and make the service available immediately to its customers.

Trend Micro CEO Eva Chen said her customers felt there was something of a “wild-west approach to cloud implementations” that left them exposed to unmanaged risks.

“As an AWS technology partner of the year for 2019, Cloud Conformity understands these implementations and the risks,” she said.

“Their offering perfectly complements our own portfolio and provides immediate value to customers. Both the people and technology are a great fit for Trend Micro.”

Fernando Montenegro, principal analyst with 451 Research, said the acquisition meansTrend Micro can now help organisations looking for cloud security beyond securing compute workloads.

Cloud Conformity CEO Michael Watts said the sale of the business will allow it to expand in ways the business couldn’t on its own.

“We think customers will love this simplified approach to security and compliance across their entire cloud environment, including AWS, Azure and Google Cloud – providing security guardrails to let them go faster and do more,” he said.

Trend Micro more than 6,000 employees in over 50 countries.

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