- Will unify data security posture across enterprise, cloud, and SaaS to deliver cyber resilience
- Announces intent to open new research and development (R&D) center in Israel to fuel cybersecurity innovation
LAS VEGAS, Aug. 08, 2023 (GLOBE NEWSWIRE) -- BLACK HAT - Rubrik, the Zero Trust Data Security™ Company, today announced it has signed an agreement to acquire Laminar, a leading data security posture management (DSPM) platform. The combination will create the industry’s first complete cyber resilience offering of its kind by bringing together cyber recovery and cyber posture across enterprise, cloud, and SaaS. This acquisition supports Rubrik’s leadership position as one of the preeminent data security platforms and furthers the company’s mission to secure the world’s data. Terms of the deal were not disclosed.
“Rubrik and Laminar share a common vision that cyber resilience is the next frontier in data security,” Mike Tornincasa, Chief Business Officer, Rubrik. “Laminar’s technology, ability to execute, and vision make it a perfect complement to our strategy and innovative roadmap. Together, our teams will create an integrated offering that gives customers the benefits of cyber recovery and cyber posture capabilities, and positions them to be resilient in their fight against cyberattacks.”
“There is a dark side to digital transformation in the form of shadow data, and more businesses are realizing they can’t protect against what they can’t see—leaving them vulnerable to cyberattacks,” said Amit Shaked, CEO and co-founder of Laminar. “We have found synergy with Rubrik, a company that cares just as deeply about ensuring that customers are prepared against the inevitable. The combination of cyber posture and cyber recovery will help create a cyber resilient future where organizations can take on any threat, at any stage of the attack.”
One of the biggest challenges organizations face today is low visibility into data across increasingly fragmented environments. According to a recent Rubrik Zero Labs State of Data Security report, more than half (51%) of organizations cite visibility differences as a top issue contributing to misalignment between IT and security teams. Further, according to Gartner Hype Cycle™ for Data Security, 20231, “As data proliferates across the cloud, organizations must identify privacy and security risks with a single product. DSPM will transform how they identify business risks that result from data residency, privacy, and security risks.”
Laminar combines cloud-native design with deep security expertise to provide the visibility and control organizations need to protect their most sensitive data. Together, Rubrik and Laminar will further enable customers to be even more proactive in the fight against cyberattacks and provide businesses with cyber resilience. Key benefits to customers include:
- Proactively improve cyber posture to stop cyberattacks before they happen by knowing where all of an organization’s data lives, who has access to the data, and how it’s being used.
- Expand focus beyond just network and endpoint security to include cloud and data security.
- Prepare for more sophisticated cyber threats with AI-driven technology.
“CISOs are under increased pressure to ensure their organizations are protected from sophisticated cyberattacks. Yet the traditional cybersecurity solutions they rely on lack visibility into where sensitive data lives," said Marene Allison, Former CISO, Johnson & Johnson and Rubrik CISO Advisor Board Member. "One of the ways to keep businesses from being vulnerable to bad actors is to leverage cyber posture and cyber recovery, as both are required to achieve complete cyber resilience."
Rubrik Continues Global Expansion with New R&D Center
To fuel cybersecurity innovation, Rubrik will also leverage the Laminar team to create an R&D center in Tel Aviv, Israel. This will build upon the company’s existing R&D centers in Bangalore, India and Palo Alto, CA. Rubrik is thrilled to welcome and join forces with the incredibly talented and innovative team at Laminar to accelerate a shared data security vision and deliver even greater value to customers.
More information about this announcement is available here.
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About Rubrik
Rubrik is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.
For more information please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik, Inc. on LinkedIn.
DISCLAIMER:
Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.
FORWARD LOOKING STATEMENTS:
This communication contains forward-looking information related to Rubrik, Laminar and the acquisition of Laminar by Rubrik that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed transaction for Rubrik, Laminar and their respective customers, and Rubrik’s plans, objectives, expectations and intentions with respect to the combined company.
Risks and uncertainties include, among other things, risks related to the ability of Rubrik to consummate the proposed transaction on a timely basis or at all; Rubrik’s ability to successfully integrate Laminar’s operations and personnel; Rubrik’s ability to implement its plan, forecasts and other expectations with respect to Laminar’s business after the completion of the transaction and realize expected synergies; and Rubrik’s ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period.
While the list of factors presented here is representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. The forward-looking statements included in this communication are made only as of the date hereof. Rubrik assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Contact
Kelsey Shively
Sr. Director of Global Communications, Rubrik
kelsey.shively@rubrik.com
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1 Gartner, Hype Cycle for Data Security, 2023, Brian Lowans, July 12, 2023
