<h1>Zscaler's Cloud-Based Cybersecurity Outages Showcase Redundancy Problem</h1>
Business process automation firm Redwood Software has acquired secure file transfer solutions provider Cerberus in an effort to expand its automation and managed file transfer portfolio. E-commerce giant eBay has acquired marketplace compliance solutions provider 3PM Shield in an effort to enhance its fraud detection capabilities. The cybersecurity firm is showing impressive growth. Between fiscal 2017 and fiscal 2022 , Zscaler's calculated billings grew at a compound annual growth rate of 57% as its annual revenue rose at a CAGR of 54%. Many investors had grown accustomed to those breakneck growth rates, but its growth in calculated billings and revenues decelerated slightly over the past year.
And I think you will keep on seeing us doing smart selected acquisitions. They are not really done for roll up of revenues. We are doing them for key technology where we can get to market and save 10 to 12 months rather than wait. You know where cloud started out earlier?
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This time, I think got done in December - January. It had some impact on it, but we have a strong pipeline. Federal is an area where you talk a lot of about in terms of seeing more opportunity.
If you sales force is into SaaS application, how safe are they? Cybersecurity Internship Singapore have always done newer stuff long before others. We did browser isolation, integrate the platform, made it very easy to single kit deployment.
And important all those products are in the same stack, , they are all built around the same core platform. If Cybersecurity Courses Singapore buy something, we buy a future kind of early stage product, but we are not a Cluj of many companies that are bought and they are on dissimilar platforms. Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.
While core sales is important, sometimes there are a bunch of supporting function for sales that end up beefing up. So, those are some of the changes we made. We expect to keep on hiring in selected areas, like core sales and core engineering. And we expect our headcount to be higher by the end of the year. So, we have full -- we're bullish about the long-term opportunity.
Public Last updated: 2023-03-12 03:31:15 PM