Facebook Strikes Deal with PrivateCore for Security Reasons
Facebook, biggest social networking site, announced on Thursday that it is buying California-based cyber security startup PrivateCore, in a move to boost defenses of its vast server network.
After the jaw dropping WhatsApp deal and a potentially game-changing Oculus VR acquisition, the company has now bought PrivateCore, a security solutions company.
PrivateCore was launched in 2012 in Palo Alto and specializes in protecting servers against malware and other kinds of intrusions.
Now, it will join Facebook with an aligned mission. Private Core's services will remove all the security threats against servers and its users.
Jo Sullivan,Facebook's chief security office's Facebook post reveals that the vCage technology offered by PrivateCore will prevent servers from persistent malware, unauthorized physical access and malicious hardware devices, making it safer to run any application in outsourced, hosted or cloud environments.
VCage will protect private and public cloud accounts, which are typically spread across the world, in various locations.
Oded Horovitz, CEO and founder of PrivateCore, expressed his excitement over the acquisition in a statement. "Working together with Facebook, there is a huge opportunity to pursue our joint vision at scale with incredible impact", said Horovitz.
Terms of the deal were not announced, but media reports say Palo Alto, Calif-based PrivateCore, received $2.3 million in investment from TEEC Angel Fund and Foundation Capital.
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