Zscaler plans to acquire Canonic Security
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Zscaler (NASDAQ:ZS) announced on Tuesday plans to acquire SaaS application security platform company Canonic Security.
Terms of the deal were not disclosed. The transaction is expected to close following the completion of Zscaler's (ZS) second quarter.

Canonic's platform is designed to prevent organizations' growing risks of SaaS supply chain attacks. The addition of Canonic's advanced SaaS security to Zscalerâs existing data protection will enable customers to monitor SaaS security posture, discover and assess third-party apps and extensions, reduce attack surface and enforce access governance.
Canonic Security CEO said in statement, "Canonic with Zscalerâs existing inline and out-of- band CASB and SSPM offerings is an ideal technology fit that will accelerate how enterprises address SaaS-native threats and simplify operations by reducing the number of tools for SaaS security."