Cloudflare to buy Area 1 Security for $162 mn to enhance email security business

Cloudflare has agreed to acquire Area 1 Security for $162 million to enhance its email security business.
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Area 1 Security’s cloud-native platform, which works seamlessly with any email offering, stops phishing attacks by preemptively discovering and eliminating them before they can inflict damage in a corporate environment.

In 2021 alone, Area 1 Security blocked 40 million malicious phishing campaigns spanning business email compromise, malware, ransomware, and other advanced threats.

“Email is the largest cyber attack vector on the Internet, which makes integrated email security critical to any true Zero Trust network. That’s why today we’re welcoming Area 1 Security to help make Cloudflare’s platform the clear leader in Zero Trust,” said Matthew Prince, co-founder and CEO of Cloudflare.

Cloudflare entered the email security market in 2021 with the launch of its Advanced Email Security Suite and additional tools to create custom email addresses, manage incoming email routing, and prevent email spoofing and phishing on outgoing emails. Cloudflare’s global network blocks an average of 86 billion cyber threats each day.