Symantec acquires Israel is Luminate, with an eye on cloud security

FILE PHOTO Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, USA August 3, 2016. REUTERS/David Becker/Photo File

JERUSALEM (Reuters) – the Cyber-security company Symantec Corp said on Tuesday acquired Israel is Luminate Safety in an effort to encourage the development of security systems for cloud computing.

Financial details of the deal were not disclosed.

Luminate, founded in 2017, says its technology allows secure connection to users from any computer, anywhere in the world, corporate applications, on-premise and in the cloud.

“Luminate included in the Symantec Integrated Cyber Defense puts us in the forefront of the security in the cloud era,” said Symantec CEO Greg Clark.

Based in Tel Aviv, Luminate so far raised $14 million.

Reporting by Ari Rabinovitch and Tova Cohen; Editing by Steven Scheer

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