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Home > Cybersecurity > SUSE acquires NeuVector to provide full lifecycle security

SUSE acquires NeuVector to provide full lifecycle security

SUSE announced that the company has acquired NeuVector, a full lifecycle container security platform.

Erdem Yasar by Erdem Yasar
November 1, 2021
in Cybersecurity
2 min read
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Enterprise-grade open source solutions provider, SUSE announced the acquisition of NeuVector. NeuVector, founded in 2015 by Fei Huang and Gary Duan, is a full lifecycle container security provider that delivers end-to-end security which includes DevOps pipeline vulnerability protection, automated security, and compliance in production.

$130 million

Melissa Di Donato, CEO of SUSE
Melissa Di Donato, CEO of SUSE

The total consideration of the acquisition of NeuVector is $130 million. $101 million of which is from the company’s cash balance and $29 million is through the issuance of 695,853 new shares. SUSE stated that NeuVector will be immediately accretive to SUSE’s revenue growth. The company also stated that it will invest in the combined go-to-market proposition of NeuVector and SUSE Rancher to drive acceleration further in the following years.

According to the announcement, the company intends to integrate the new solution into SUSE Rancher, an enterprise container management platform. With the integration, the company will deliver end-to-end container security covering the building, deploying, and running of containerized applications in any mission-critical environment. The acquisition aligns with the strategy and goals communicated during SUSE’s recent IPO, which is to use access to the equity markets. Melissa Di Donato, CEO of SUSE said,

“Our customers have made it clear that security is critical to their cloud-native strategy and their digital transformation. With this acquisition, we are following through on our promise to deliver the capabilities our customers need, whether organically or through acquisition. The integration of NeuVector into SUSE Rancher will create an unbeatable enterprise container management security platform that delivers the end-to-end container security our customers are asking for. NeuVector, like Rancher, is highly complementary to SUSE’s existing products and extends our reach into high growth markets, capitalizing on the scale and reputation of SUSE’s business.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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