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by | Mar 21, 2018 | Solidago

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Zscaler, Inc. (/ˈziːˌskeɪlər/) is an American cloud security company, with headquarters in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.[3]

History

Zscaler was founded in 2007 by Jay Chaudhry and K. Kailash.[4] The company launched its cybersecurity platform in 2008.[5] In August 2012, Zscaler secured $38 million in funding from investors.[6] The company's second funding round, led by TPG Capital, raised $100 million in August 2015.[7] In March 2018, the company had an initial public offering (IPO) in which it raised $192 million, valuing the company at $1.9 billion.[8][9] The company is traded on the Nasdaq using the symbol ZS.[10] Prior to the IPO, the company rejected a $2 billion offer to be acquired by Cisco.[9] Zscaler stock was added to the Nasdaq-100 index on December 17, 2021.[11] In 2024, the company acquired Israel-based data security startup, Avalor, for $250 million and network segmentation startup, Airgap Network, for an undisclosed amount.[12][13]

References

  1. ^ "ZScaler Hires CFO with IPO Experience". Wall Street Journal. 10 February 2017. Retrieved 22 May 2017.
  2. ^ "Zscaler, Inc. FY 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2023-09-14.
  3. ^ Haft, Brad (February 27, 2014). "The top 5 cybersecurity companies in the United States". Fortune.
  4. ^ Brodkin, Jon. "10 start-ups to watch in '09". Network World. Retrieved 2022-01-31.
  5. ^ Lin, Belle (February 10, 2023). "Security Gets Blended With Corporate Networks in New Cloud Platforms". The Wall Street Journal.
  6. ^ Messmer, Ellen (2012-08-30). "Cloud security company Zscaler attracts $38 million in funding". Network World. Retrieved 2022-01-31.
  7. ^ Kuchler, Hannah (August 3, 2015). "Cyber security start-up Zscaler nets $100m in round led by TPG". Financial Times.
  8. ^ Deagon, Brian (March 16, 2018). "Zscaler IPO Doubles In Debut After Pricing Above Range, Raising $192 Million". Investor's Business Daily.
  9. ^ a b Barinka, Alex (April 4, 2018). "Zscaler Rebuffed Takeover Offers Before 2018 IPO". Bloomberg News.
  10. ^ Ray, Tiernan (March 16, 2018). "Zscaler Doubles in IPO: Nice Day for Tech Vet Chaudhry". Barron's.
  11. ^ Zacks, Justin (2021-12-10). "Airbnb, Lucid and Zscaler added to Nasdaq 100 tech benchmark". Bloomberg News.
  12. ^ Alspach, Kyle (April 11, 2024). "Zscaler To Acquire Network Segmentation Startup Airgap". CRN.
  13. ^ Roof, Katie (March 14, 2024). "Zscaler Buys Israeli AI-Enhanced Data Security Startup Avalor". Bloomberg News.
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