- Zscaler (ZS, Financial) announces acquisition of Red Canary to enhance AI-powered security operations.
- Red Canary's threat detection allows investigations 10 times faster with 99.6% accuracy.
- Transaction expected to close in August 2025, pending regulatory approvals.
Zscaler (ZS), a leader in cloud security, has announced its definitive agreement to acquire Red Canary, a prominent Managed Detection and Response (MDR) provider. Red Canary is recognized for its ability to enhance threat investigation speed by up to 10 times with a remarkable accuracy rate of 99.6% through its automated remediation processes.
The strategic acquisition is set to integrate Red Canary's advanced threat detection capabilities with Zscaler's comprehensive cloud security platform. This collaboration will establish an AI-powered Security Operations Center (SOC), blending automated intelligence with human expertise to redefine security operations and enhance protection for Zscaler’s clientele.
Zscaler processes over 500 billion daily transactions through its security cloud, which supports its advanced AI-driven solutions. The acquisition is part of Zscaler’s ongoing strategy to expand its offerings in the cybersecurity sector and will significantly bolster its Zero Trust Exchange platform. With this strategic move, Zscaler aims to strengthen its market position, particularly among nearly 45% of the Fortune 500 companies that are part of its customer base.
Red Canary has been recognized as a Leader in the Forrester Wave™ for Managed Detection and Response for three consecutive years and has been featured in the Gartner® Market Guide for seven consecutive years, attesting to its industry authority.
The acquisition is slated to conclude in August 2025, subject to customary closing conditions and regulatory approvals, emphasizing Zscaler's continued focus on acquiring innovative technologies to enhance its service offerings and market reach.
