Speaking exclusively to Capacity on the specifics of the deal, Shashi Kiran (pictured), CMO at Aryaka said “we are not making public the details of the transaction” but added that there have been no “changes in our board composition as a result of this acquisition”.
Based in Germany, Secucloud offers an all-in-one, global, cloud-based firewall-as-a-service and secure web gateway with advanced threat protection capabilities. It is designed to connect WAN, Cloud, Mobile and IoT together securely.
The acquisition comes as the Covid-19 pandemic has accelerated the adoption of cloud-first architectures with the consumption of network and network security as-a-service leading to the need for greater convergence. According to Gartner the SASE market is predicted to grow from $4.5 billion in 2021 to $10.9 billion in 2024.
“We are excited to join Aryaka. Like Aryaka, Secucloud has been designed from the ground up to deliver a cloud-first architecture with everything delivered as-a-service,” said Dennis Monner, CEO of Secucloud.
“We think this joint solution and Aryaka’s brand reputation of delivering the industry’s best customer experience, will create a highly differentiated offering for enterprise customers.”
According to Kiran, the Secucloud’s senior management team will keep their roles and remain will the company with Monner and the team “joining the Aryaka organisation along with the entire Secucloud team”.
Additionally, Kiran shares that Secucloud products will “integrated into Aryaka, while the company will remain a fully owned subsidiary. The organisation will re-align to derive the best possible synergies leveraging the strengths of the two companies”, he said.
“Secucloud brings a great team and proven, innovative technology that we can integrate with Aryaka’s industry leading, Cloud-First, SD-WAN as-a-service,” said Ashwath Nagaraj, co-founder and CTO at Aryaka.
“The combined technologies will allow us to offer truly converged network and network security as-a-service offerings. It complements our existing portfolio and significantly enhances Aryaka’s ability to compete and win larger deals while delivering the industry’s most flexible, managed SASE solution experience.”
On the reason why Aryaka chose to buy a SASE business as opposed to building one out organically Kiran said that “it was a question of time to market”.
The combination of the company’s team, technology and culture “that is aligned with Aryaka” were some of the driving forces behind the decision.
“Secucloud is also architected on cloud-first principles, much like Aryaka, which has a “Cloud-First” architecture. This makes the solution easy to integrate,” added Kiran.
As Aryaka first ever acquisition, looking ahead, Kiran says he’s “optimistic that this won’t be the last”.
