Business Cloud News

Virtustream buys ViewTrust Technology to bolster cloud compliance, security

Virtustream acquired ViewTrust for an undisclosed sum, and plans to offer its software as well as embed its technology in its IaaS offering

Cloud service provider Virtustream announced Tuesday that it has acquired ViewTrust Technology, a provider of security and compliance technology for enterprises. The firms have not disclosed the details of the transaction.

Security as a Service market set to exceed $3bn by 2015

Gartner says the cloud-based security market will swell to $3.1bn in 2015, with growth largely driven by SMBs

The market for cloud-based security services like encryption, email security, web security and identity and access management is set to rise to $2.1bn by the end of this year according to Gartner. Kelly Kavanagh, principal research analyst at the research and analysis firm says SMBs adopting cloud services will be primarily responsible for the lion’s share of future growth in the cloud-based security market.