VMware is acquiring network security firm Lastline, TechCrunch has learned.
Since its launch in 2012, Lastline raised about $52.2 million, according to Crunchbase. Investors include Thomvest Ventures, which led the company’s $28.5 million Series C round in 2017, Redpoint and e.ventures, which led the company’s 2013 funding round, as well as Barracuda Networks, NTT Finance and Dell Technologies Capital.
A source tells us that VMware will let go some 40 percent of Lastline’s employees — about 50 staffers — as part of the acquisition. We asked a Lastline spokesperson for comment prior to publication but did not hear back.
A spokesperson for VMware also did not respond to a request for comment.
Lastline provides threat detection services mostly focus on the network level, but they range from malware analysis to intrusion detection and network traffic analysis. The company prides itself on being a cloud native platform and as such, it promises to secure cloud deployments and on-premises networks, as well as multi-cloud and hybrid environments.
Recently, support for cloud-native hybrid- and multi-cloud deployments has very much been a focus for VMware, which makes Lastline a pretty obvious fit for its overall strategy. This also marks VMware’s third security acquisition this year, after it picked up network analytics firm Nyansa in January and cloud-native security platform Octarine in May. VMware also acquired security firm Carbon Black in August 2019. The trend here is pretty obvious and VMware is obviously trying to position itself as the provider of choice for enterprises that are looking for cloud-native
The company was founded by Christopher Kruegel, Engin Kirda, Giovanni Vigna, a team of computer science professors from the University of California, Santa Barbara and Northeastern University.
News of the acquisition comes a week after VMware announced solid Q1 earnings of $386 million, or $0.92 a share. Revenues came in at $2.73 billion, up about 12% on the same period a year ago. VMware CEO Pat Gelsinger attributed the quarter to the shift to work-from-home sparked by the coronavirus pandemic.
