Congratulations to CloudLock
CloudLock launched with a singular purpose: Transform cloud security into a business enabler. Focused on that goal, they built out a cloud-based SaaS suite that helps organizations like HBO, Motorola, The US Army and The Financial Times, protect and secure data that resides on 3rd party cloud service providers (Google Apps, Salesforce, Box, Dropbox etc.) It’s a “people-centric” solution that allows businesses to embrace the cloud solutions championed by individual employees and teams while maintaining the visibility, compliance and protection they need. These tools help organizations answer questions like what Google Docs are shared outside the organization and whether customers’ credit-card numbers are kept in Salesforce records. (The risks of using third party apps aren’t trivial: CloudLock’s recent Cybersecurity Report found a huge increase (30X) in the number of apps connected to corporate environments during the last two years, and 27% of Cloud Apps qualify as risky--numbers sure to strike fear in any IT department.)
For Cisco, the acquisition of CloudLock is a smart move. It allows Cisco to build on their Security Everywhere strategy, designed to provide protection from the cloud to the network to the endpoint.
The acquisition is a big milestone for a team that is used to overachieving. We think other founders can learn from CloudLock and their journey.
- New paradigms create new opportunities. As companies increasingly started to use cloud applications like Google Docs and Salesforce, Gil Zimmerman realized they would need a way to secure those solutions. There are similar parallels to innovations today like autonomous vehicles, virtual reality, and drones—as new technologies gain adoption, they always need tools for management and security.
- Look for products customers love. In our calls with early CloudLock customers, one told us “we were like a guy in a desert dying of thirst when he suddenly sees water.”
- Have vision: We invested in CloudLock when it was used for just one single cloud application (Google Docs). Now it secures dozens of cloud applications, including Box, Salesforce, Slack, ServiceNow, and Amazon.
- Play the long game. And be patient! CloudLock was founded in 2007 under the name Aprigo building an on-premises data management product. The team pivoted and started the cloud security product from scratch in 2011 (BVP invested a year and a half later).
- Make people enjoy coming to work. CloudLock has consistently been recognized as a great place to work. The company has been recognized by Inc. Magazine as the fastest growing security product company in the U.S. and by Glassdoor as one of the top 3 best places to work in the U.S. And last year, Forbes named them the #1 Cloud Computing Startup to Work For.