Zscaler broadened its capabilities with a pair of acquisitions, purchasing startup Trustdome for $31.1 million to get control over who and what has access to data, applications and services in public cloud environments. The San Jose, Calif.-based company then bought Smokescreen Technologies for $11.5 million to proactively hunt for emerging adversary tactics and techniques using deception technology.
The company also rolled out Zscaler Workload Communications to shrink attack surfaces, prevent lateral threat movement, inhibit compromise of workloads and stop data loss by extending security to apps and workloads hosted in public clouds. As a result of these investments, Zscaler’s year-over-year revenue for the 2022 fiscal year, which ends June 30, is expected to jump by 56 percent to $1.05 billion.
The dramatic growth has been fueled by Zscaler’s investment in personnel, with the company increasing its head count by 51 percent to 4,032 people driven by robust hiring around support, engineering and IT. Investors have looked favorably at Zscaler’s moves, boosting the company’s stock by 42 percent over the past year to $262.33 per share on a valuation of $36.74 billion.