San Francisco, CA, April 1, 2022 โ Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it has completed its acquisition of Area 1 Security.
Email is both one of the largest cloud applications for any business, and the biggest security threats that organizations of all sizes face. Yet legacy email security solutions are often expensive, overly complex, and disjointed from an organizationโs holistic security strategy. Further, malicious phishing and business email compromise campaigns are incredibly costlyโwith U.S. businesses losing more than $2.4 billion a year according to data from the FBIโs Internet Crime Complaint Center 2021 Internet Crime Report. With the acquisition of Area 1 Security, Cloudflare will provide organizations an easy way to block phishing, malware, business email compromise and other advanced threats as part of an integrated, Zero Trust approach to securing all of their organizationsโ applications.
โCloudflare's mission is to help build a better Internet, and we've invested heavily in building the world's most powerful cloud network to deliver a faster, safer, and more reliable Internet for our users. Now we're officially able to welcome the Area 1 team to Cloudflare and enhance our ability to secure the number one place where security threats come from, email," said Matthew Prince, co-founder & CEO of Cloudflare. "To us, Zero Trust security without email built in is worth nearly zero. By bringing email security and Zero Trust together with Area 1 Security, we believe that we will give customers the most complete Zero Trust security platform available."
Area 1 Securityโs cloud native platform, which works seamlessly with any email offering, stops phishing and other advanced email attacks by preemptively discovering and eliminating them before they can inflict damage in a corporate environment. By combining Area 1 Securityโs highly scalable technology and years of experience in email protection with Cloudflareโs global network, the two companies will provide a holistic Zero Trust solution that customers can enable through Cloudflareโs global network. Area 1 Securityโs email security capabilities will be available for purchase for all enterprise plan customers today, and will be available to customers on all other paid plans in the months to come.
"Cloudflare delivers one of the worldโs leading Zero Trust networks, and we're excited about what we'll be able to build together for our customers and channel partners," said Patrick Sweeney, CEO and President of Area 1 Security. "By joining forces, Area 1โs technology and Cloudflare's global network will give customers the most complete Zero Trust security platform available, inclusive of securing the most critical of todayโs business applications โ your email."
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About Cloudflare Cloudflare, Inc. (one.katev8.cc / @cloudflare) is on a mission to help build a better Internet. Cloudflareโs suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazineโs Top Company Cultures 2018 list and ranked among the Worldโs Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Seattle, WA, Washington, D.C., Toronto, Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as โmay,โ โwill,โ โshould,โ โexpect,โ โexplore,โ โplan,โ โanticipate,โ โcould,โ โintend,โ โtarget,โ โproject,โ โcontemplate,โ โbelieve,โ โestimate,โ โpredict,โ โpotential,โ or โcontinue,โ or the negative of these words, or other similar terms or expressions that concern Cloudflareโs expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflareโs Zero Trust and other products and Area 1 Securityโs email security platform, the benefits to Cloudflareโs customers from using Cloudflare Zero Trust products, the Area 1 Security email security platform, and Cloudflareโs other products and technology, the expected functionality and performance of Cloudflareโs Zero Trust products, the Area 1 Security email security platform, and Cloudflareโs other products and technology, the timing of when Cloudflareโs Zero trust products and Area 1 Securityโs email security platform will be generally available to all current and potential Cloudflare customers, Cloudflareโs plans and objectives for, and the timing of, the integration of the Area 1 Security email solution into Cloudflareโs Zero Trust products, Cloudflareโs technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflareโs CEO, Area 1 Securityโs CEO and others. Cloudflareโs actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflareโs filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K filed on March 1, 2022, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on Cloudflareโs forward-looking statements.
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