Acquisition adds secure remote infrastructure
access to Cloudflare One, safeguarding customers’ most critical
systems
Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud
company, today announced the acquisition of BastionZero, a Zero
Trust infrastructure access platform, to further strengthen remote
access to core IT systems for customers of Cloudflare One, the
company’s secure access service edge (SASE) platform.
Combined with existing Cloudflare One capabilities, the
acquisition of BastionZero gives IT and security teams Zero Trust
controls for infrastructure like servers, Kubernetes clusters, and
databases. This expands the scope of Cloudflare’s VPN replacement
solution beyond apps and networks to infrastructure resources. As a
result, security teams can centralize management of even more of
their hybrid IT environment, while using standard Zero Trust
practices to keep DevOps teams productive and secure.
With traditional virtual private network (VPN) security set-ups,
developers and systems architects are granted overly permissive and
long-lived access to a company’s most sensitive systems, such as
servers and databases. In a world of hybrid work, this is an
increasingly costly, risky, and outdated approach, hindering the
ability to securely deploy new systems and react to a fast-changing
business environment.
“The world of work has changed dramatically. Employees have the
expectation that they can effectively do their work from anywhere.
There’s no reason why teams managing an organization’s most
important systems can’t have the same flexibility,” said Matthew
Prince, co-founder and CEO, Cloudflare. “Incorporating BastionZero
into Cloudflare One gives IT teams access to an organization's most
critical inner workings securely, wherever they are. Millions of
organizations around the world trust Cloudflare to protect their
systems and data so they can focus on their business and their
customers. The addition of BastionZero is just one more way we can
protect them like no one else can.”
Adding BastionZero’s technology to Cloudflare One will give
hybrid and remote IT teams access to their most critical assets
remotely, resulting in:
- Increased security: Eliminating the need and risk of
long-lived passwords and credentials by making it even easier to
abide by Zero Trust principles for system access.
- Increased compliance: Ensuring just-in-time permissions
for every person trying to access core systems and servers—such as
developers and systems administrators—even if they’re working
remotely, while following centralized policy controls with
identity-aware logging.
- Increased control: Enabling individuals to have access
to information and systems only when they need it with
“just-in-time” policy options.
- Reduced complexity: Removing the need for legacy
workaround security patches between systems (e.g. jump hosts) and
more quickly granting access across complex infrastructure with
policy controls and observability.
“Scalable and secure remote access to company servers and other
infrastructure is table stakes for every IT and development team,”
said Sharon Goldberg, Co-founder and CEO at BastionZero. “But
home-grown solutions increasingly create security risks and
operational costs. This acquisition enables us to deeply integrate
BastionZero’s unique cryptographic approach for simple passwordless
infrastructure access into the world’s largest secure access
service edge (SASE) network. We’re proud to join Cloudflare to help
companies provide Zero Trust access to their most critical
infrastructure assets.” Oppenheimer & Co. Inc. acted as
exclusive financial advisor to BastionZero on this transaction.
Launched in 2020, Cloudflare One is one of the fastest-growing
platforms for secure access service edge (SASE) and security
service edge (SSE) services. Companies worldwide rely on Cloudflare
One to ensure only the right employees have access to the right
internal systems and data at the right time with minimal burden on
employees. This acquisition will expand Cloudflare's cloud security
capabilities in the SASE market.
According to GartnerⓇ, “Over the next five years, the market for
secure access service edge will grow at a compound annual growth
rate of 29%, reaching over $25 billion by 2027. The underlying SASE
products that buyers will use will be split between single-vendor
and dual-vendor approaches.”
Cloudflare One is a key part of Cloudflare’s connectivity cloud,
enabling organizations to bring more IT security tools onto a
single platform and making it easier to implement secure access to
all their resources, from developer access to technical
infrastructure to ever-expanding cloud services.
To learn more, please check out the resources below:
- Blog:
https://blog.cloudflare.com/cloudflare-acquires-bastionzero
- Sign up for updates:
https://www.cloudflare.com/lp/infrastructure-access/
Gartner Forecast analysts: secure access service edge,
worldwide, Nat Smith, Neil MacDonald, Christian Canales, Andrew
Lerner, Jonathan Forest, John Watts, Shailendra Upadhyay, Charlie
Winckless, 10 October 2023. GARTNER is a registered trademark and
service mark of Gartner, Inc. and/or its affiliates in the U.S. and
internationally and is used herein with permission. All rights
reserved.
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud
company on a mission to help build a better Internet. It empowers
organizations to make their employees, applications and networks
faster and more secure everywhere, while reducing complexity and
cost. Cloudflare’s connectivity cloud delivers the most
full-featured, unified platform of cloud-native products and
developer tools, so any organization can gain the control they need
to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected
networks, Cloudflare blocks billions of threats online for its
customers every day. It is trusted by millions of organizations –
from the largest brands to entrepreneurs and small businesses to
nonprofits, humanitarian groups, and governments across the
globe.
Learn more about Cloudflare’s connectivity cloud at
cloudflare.com/connectivity-cloud. Learn more about the latest
Internet trends and insights at https://radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which statements involve substantial risks and
uncertainties. In some cases, you can identify forward-looking
statements because they contain words such as “may,” “will,”
“should,” “expect,” “explore,” “plan,” “anticipate,” “could,”
“intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential,” or “continue,” or the negative
of these words, or other similar terms or expressions that concern
Cloudflare’s expectations, strategy, plans, or intentions. However,
not all forward-looking statements contain these identifying words.
Forward-looking statements expressed or implied in this press
release include, but are not limited to, statements regarding the
capabilities and effectiveness of Cloudflare’s secure access
service edge (SASE) platform and other products technology and
BastionZero products and technology, the benefits to Cloudflare’s
customers from using Cloudflare’s SASE platform and other products
and technology and BastionZero products and technology, the timing
of when Cloudflare’s SASE platform and BastionZero products and
technology and or any of their related features will be fully
integrated and generally available to all current and potential
Cloudflare customers, Cloudflare’s plans and objectives for, and
the timing of, the integration of BastionZero products and
technology into Cloudflare’s SASE platform, Cloudflare’s
technological development, future operations, growth, initiatives,
or strategies, and comments made by Cloudflare’s CEO and others.
Actual results could differ materially from those stated or implied
in forward-looking statements due to a number of factors, including
but not limited to, risks detailed in Cloudflare’s filings with the
Securities and Exchange Commission (SEC), including Cloudflare’s
Quarterly Report on Form 10-Q filed on May 2, 2024, as well as
other filings that Cloudflare may make from time to time with the
SEC.
The forward-looking statements made in this press release relate
only to events as of the date on which the statements are made.
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new information or the occurrence of unanticipated events, except
as required by law. Cloudflare may not actually achieve the plans,
intentions, or expectations disclosed in Cloudflare’s
forward-looking statements, and you should not place undue reliance
on Cloudflare’s forward-looking statements.
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Cloudflare logo, and other Cloudflare marks are trademarks and/or
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version on businesswire.com: https://www.businesswire.com/news/home/20240530811277/en/
Cloudflare, Inc. Daniella Vallurupalli Vice President, Head of
Global Communications press@cloudflare.com
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