Coro, a modern cybersecurity platform for mid-market organizations, has recently announced its acquisition of Privatise, an Israeli supplier of network security solutions. This acquisition is a part of Coro’s growth strategy, following its $155 million funding over the last 12 months, to enhance the capabilities of its cybersecurity platform both organically and through strategic acquisitions.
The expansion of the network edge has led Gartner to predict that by 2025, 80% of enterprises will adopt a strategy to unify web, cloud services, and private application access using a SASE/SSE architecture. However, mid-market organizations often face challenges due to their lean IT teams, limited budgets, and lack of cybersecurity expertise, making it challenging for them to manage the cost and complexity typically associated with SASE implementations.
To address this challenge, Coro’s acquisition of Privatise allows the company to offer a comprehensive security and protection solution that is managed through a unified, cloud-based platform. Coro’s SASE solution includes various security measures such as military-grade VPN, Secure RDP, ZTNA, Next-Generation Firewall, and DNS Filtering. These features are fully integrated into Coro’s holistic security architecture, eliminating security gaps caused by siloed approaches to SASE. Whether a company’s assets are cloud-first, on-prem, or hybrid, Coro can protect the user, the device they use, the network they connect through, their emails, and the data they access, use, and share. Additionally, Coro ensures compliance with critical supply chain and industry regulations.
CEO of Coro, Guy Moskowitz, stated, “Since its founding, Coro has focused on delivering a comprehensive, yet affordable and easy-to-use cybersecurity solution for mid-market companies. 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 acquisition of Privatise is a significant milestone for Coro, as it follows a $75 million funding round from Energy Impact Partners in April. This brings the total funding raised in the last 12 months to an impressive $155 million. Coro is projected to achieve a 300% year-over-year growth in 2023, extending its exceptional 300% annual growth record for a fifth consecutive year.
Coro’s modern approach to cybersecurity has gained validation from over 5,000 mid-market customers across various industries. The company’s single platform unifies, simplifies, and automates workloads, delivering enterprise-grade security. Over the past year, Coro has tripled its revenue, customer base, and employee count, while also signing more than 100 new channel partners.
About Coro:
Coro provides modern cybersecurity that unifies comprehensive protection into a single platform. The company empowers organizations to defend against malware, ransomware, phishing, data leakage, insider threats, and email threats across devices, users, and cloud applications. With more than 5,000 businesses depending on Coro for their cybersecurity needs, the platform offers unrivaled ease of use and affordability. Coro’s cybersecurity platform automatically detects and remediates security threats faced by distributed businesses without requiring IT teams to investigate or fix issues themselves. Notable investors in Coro include Balderton Capital, JVP, and Ashton Kutcher’s Sound Ventures.
For more information about Coro, please visit their website at coro.net or connect with them on LinkedIn, Twitter, or Facebook.