Coro, which develops a cybersecurity platform for mid-market organizations, announced on Wednesday the acquisition of Privatise, an Israeli supplier of network security solutions for in-office and remote work. The deal is estimated at several million dollars.
Privatise, which was founded in 2020, has a team of eight people, who are expected to remain at Coro. The acquisition comes on the back of the $155 million in funding Coro has raised over the last 12 months.
With the Privatise acquisition, Coro now offers a SASE solution that includes military grade VPN, Secure RDP, ZTNA, Next Generation Firewall, DNS Filtering, and is fully integrated into Coro’s security architecture. Coro’s platform helps organizations defend against malware, ransomware, phishing, data leakage, insider threats and email threats across devices, users, and cloud applications.
“Since its founding, Coro has focused on delivering a comprehensive, yet affordable and easy to use cybersecurity solution for mid-market companies,” said Guy Moskowitz, CEO of Coro. “By integrating Privatise’s SASE capabilities into our platform, we offer the industry’s first mid-market solution to deliver cloud-native, seamless and secure access to applications and resources regardless of location or device. We will continue to invest in Coro’s platform, both organically and through acquisition, to help companies strengthen their security posture and improve their operational efficiency.”
The Privatise acquisition is the latest milestone in Coro’s growth and momentum. In April, the company announced a $75 million funding round from Energy Impact Partners, bringing the total funding raised in the last 12 months to $155 million. Coro projects it will grow 300% year-over-year in 2023. According to the company, over the past year Coro has tripled its revenue, customer and employee base, and signed more than 100 new channel partners.
