SUSE has acquired NeuVector, the kubernetes-native container security platform that delivers end-to-end security, from DevOps pipeline vulnerability protection to automated security and compliance in production, for $130 million.
Building off the successful integration of SUSE and Rancher, the company sees the same substantial cross-sell opportunities into SUSE’s customer base as with Rancher and expects that the combined offering will enhance conversion of SUSE’s sales pipeline and open new opportunities. As the company puts it, NeuVector is an established and growing business that will be immediately accretive to SUSE’s revenue growth. SUSE will invest in FY22 in the combined go-to-market proposition of NeuVector and SUSE Rancher, with the expectation that this will drive further acceleration in FY23 and beyond.
SUSE intends to fully integrate NeuVector into SUSE Rancher, its enterprise container management platform, delivering end-to-end container security covering the building, deploying and running of containerized applications in any mission-critical environment. Staying true to its commitment to deliver open, interoperable solutions, SUSE will open source the NeuVector platform.
This acquisition aligns with the strategy and goals communicated during SUSE’s recent IPO, which is to use access to the equity markets to fund tuck-in acquisitions, adding complementary technologies to create value for SUSE’s customers and partners.