SUSE has announced the acquisition of NeuVector, a leader in full lifecycle container security that delivers end-to-end security, to enhance the enterprise-grade security capabilities in the SUSE Rancher container management platform.
The total consideration for the acquisition is $130m, of which $101m is in cash from SUSE’s existing cash balances and $29m is through the issuance of 695,853 new shares.
Founded in 2015, NeuVector is headquartered in California and has been a SUSE partner for several years. The integration of NeuVector with SUSE Rancher will ensure its security capabilities match the needs of customers putting security at the centre of their cloud-native strategies.
Melissa Di Donato, CEO of SUSE, said: “Our customers have made it clear that security is critical to their cloud-native strategy and their digital transformation. With this acquisition, we are following through on our promise to deliver the capabilities our customers need, whether organically or through acquisition. The integration of NeuVector into SUSE Rancher will create an unbeatable enterprise container management security platform that delivers the end-to-end container security our customers are asking for. NeuVector, like Rancher, is highly complementary to SUSE’s existing products and extends our reach into high growth markets, capitalizing on the scale and reputation of SUSE’s business.”
Fei Huang, NeuVector co-founder, said: “It’s an exciting time to be joining SUSE, which has been going from strength-to-strength in recent years. We are seeing an increase in customers operating a zero-trust model and who see SUSE as the natural fit to help customers protect deployments and pipeline. Coupled with SUSE Rancher’s unique strength which offers full management of all Kubernetes distributions across any environment, our joint customers will also be able to secure the development of their containerized applications from core to cloud to edge environments. This will enable automation and agility in the continuous integration/continuous delivery pipeline so SUSE customers can benefit from real-time compliance, visibility and protection for their critical apps and data.”
