Cloudflare bought browser isolation firm S2 Systems for $39.2 million to protect endpoints from zero-day vulnerabilities without sacrificing speed, user experience or website compatibility. The company rolled out an identity and access management offering that secures, monitors and authenticates user access, and a tool that secures and filters outbound Internet traffic to protect workers from web threats.
The debut of Cloudflare One means that firms can protect their workforce in a flexible and scalable way without compromising security as distributed teams work from multiple devices and personal networks. Wall Street loves what it’s seen from Cloudflare in 2020, with the company’s stock price for the year skyrocketing up 366.4 percent to $82.41 per share on a valuation of $25.33 billion.
The San Francisco-based security and performance services vendor is expecting to grow revenue by 47 percent over the course of 2020 to $423 million. Cloudflare has leveraged its market traction to boost headcount by 42 percent during 2020 to 1,807 people, with its most aggressive hiring coming in the sales arena.