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Imperva (IMPV) Expands Portfolio With Acquisition of Prevoty
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Imperva, Inc. recently announced that it has completed the acquisition of Runtime Application Self-Protection leader, Prevoty. The company expects the synergy to help customers enhance their security capabilities with increased transparency within the applications.
Acquisitions Driving Growth
Imperva has benefitted from strategic acquisitions and partnerships earlier as well. In December 2016, it acquired Camouflage Software, a data management, security and data masking solutions provider.
Before that, the company completed a number of key acquisitions in 2014. The buyout of Tomium Software in January, the purchase of outstanding shares of Skyfence Networks in February and the acquisition of the remaining shares of Incapsula in March were all completed in the same year.
Imperva intends to pursue strategic acquisitions and partnerships to continue broadening its technology and offerings, allowing organizations to better protect applications and data on premise, in cloud as well as across hybrid environment.
The company continues to witness great success with its Incapsula application security-as-a-service solution and intends to expand its portfolio of cloud-based solutions delivered as a service.
However, last year, Imperva spun off the assets of Skyfence, in order to focus on its core business.
Other Growth Boosting Initiatives
The company has recently been focusing on gradually shifting its business model from products to subscription-based services. In fiscal 2018, its net sales of $84.4 million increased 14% year over year driven by significant contribution from subscriptions, especially stemming from very strong demand for Imperva’s FlexProtect platform that enables customers to transfer their data and application security from on-premises to the cloud.
Even though the company faces strong competition from internet security magnates like Fortinet (FTNT - Free Report) , Proofpoint and Check Point Software (CHKP - Free Report) , constant initiatives and focused business decisions are expected to help Imperva maintain stronghold in the data security market and boost its market share, going forward.
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Imperva (IMPV) Expands Portfolio With Acquisition of Prevoty
Imperva, Inc. recently announced that it has completed the acquisition of Runtime Application Self-Protection leader, Prevoty. The company expects the synergy to help customers enhance their security capabilities with increased transparency within the applications.
Acquisitions Driving Growth
Imperva has benefitted from strategic acquisitions and partnerships earlier as well. In December 2016, it acquired Camouflage Software, a data management, security and data masking solutions provider.
Before that, the company completed a number of key acquisitions in 2014. The buyout of Tomium Software in January, the purchase of outstanding shares of Skyfence Networks in February and the acquisition of the remaining shares of Incapsula in March were all completed in the same year.
Imperva intends to pursue strategic acquisitions and partnerships to continue broadening its technology and offerings, allowing organizations to better protect applications and data on premise, in cloud as well as across hybrid environment.
The company continues to witness great success with its Incapsula application security-as-a-service solution and intends to expand its portfolio of cloud-based solutions delivered as a service.
However, last year, Imperva spun off the assets of Skyfence, in order to focus on its core business.
Other Growth Boosting Initiatives
The company has recently been focusing on gradually shifting its business model from products to subscription-based services. In fiscal 2018, its net sales of $84.4 million increased 14% year over year driven by significant contribution from subscriptions, especially stemming from very strong demand for Imperva’s FlexProtect platform that enables customers to transfer their data and application security from on-premises to the cloud.
Imperva, Inc. Revenue (TTM)
Imperva, Inc. Revenue (TTM) | Imperva, Inc. Quote
Even though the company faces strong competition from internet security magnates like Fortinet (FTNT - Free Report) , Proofpoint and Check Point Software (CHKP - Free Report) , constant initiatives and focused business decisions are expected to help Imperva maintain stronghold in the data security market and boost its market share, going forward.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>