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The listed American software company, VMware has reportedly announced its intention to acquire Octarine, an early stage Kubernetes security startup. As per sources familiar with the knowledge of the matter, VMware plans to merge this prospective acquisition with one of its subsidiaries Carbon Black, which it acquired back in October 2019 for $2.1 billion.
In a statement released by the company, VMware says that it expects this merger to enhance its capabilities towards becoming a major security provider. For the uninitiated, Octarine was founded in 2017 and according to reliable sources, has raised approximately $9 million.
According to experts, this acquisition by VMware seems in line with its previous purchase of Heptio, a Kubernetes startup by former Google employees Craig McLuckie and Joe Baeda. Octarine released several open-source tools in 2019, to help companies define the Kubernetes security parameters. During the same time, Julien Sobrier, the Head of Product at Octarine labeled Kubernetes as a flexible platform that gives a lot of power to developers and helps understand security settings better.
Shemer Schwarz, the CEO at Octarine has reportedly been quoted to state VMware as an ideal home for Octarine and has lauded its commitment to intrinsic security and cloud computing on account of its product announcements.
Patrick Morley, the Senior Vice President and General Manager for VMware Carbon Black expressed that this move is a big step in the right direction for the company to improve its security offerings and acknowledged that integrating Octarine into its Tanzu platform will help Carbon Black strengthen its intrinsic security strategy.
As per reliable sources, the financial terms of the transaction have not been revealed yet.
Source Credits: https://techcrunch.com/2020/05/13/vmware-to-acquire-kubernetes-security-startup-octarine-and-fold-it-into-carbon-black/
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