Lookingglass Cyber Solutions on Monday said it has acquired CloudShield, a developer of hardware and software for cyber security solutions, expanding its capabilities and solutions offerings.
Terms of the deal, which closed on Feb. 27, were not disclosed. CloudShield was previously owned by Leidos [LDOS], which bought the small cyber security firm in 2010 when it was part of Science Applications International Corp. [SAIC]. Leidos announced one year ago that it planned to divest CloudShield as part of portfolio reshaping initiatives.
Lookingglass’ capabilities are in cyber threat intelligence and the Northern Virginia-based company said, “The acquisition acknowledges the importance of combing threat intelligence with policy enforcement to directly address escalating threats, and it positions Lookingglass to deliver the most comprehensive, scalable and secure cyber network defense platform.”
CloudShield, which is based in California, provides a deep packet inspection platform and applications for high-speed networks to secure communications and prevent data loss. CloudShield’s customers include telecommunications companies, the federal government, and international organizations.
“CloudShield will enable Lookingglass to operationalize threat intelligence while introducing more advanced tactics, techniques and procedures into the network fabric to enhance the strategy for dynamic defense,” Chris Coleman, CEO of Lookingglass, said in a statement.
Combined with CloudShield, Lookingglass has more than 130 employees with customers in the financial, government, international and intelligence spaces.
Lookingglass said its sales grew more than 240 percent last year. The company was advised by ARC Securities on the acquisition.