Coro Adding SASE Capabilities with Acquisition of Privatise

Coro gets secure access service edge (SASE) capabilities with its acquisition of Privatise, an Israel-based supplier of network security solutions for in-office and remote work.

The acquisition is part of an aggressive growth strategy to expand the capabilities of Coro’s cybersecurity platform both organically and through strategic acquisitions. It’s fueled by Coro’s $155 million in funding over the last 12 months.

Coro didn’t say how much it’s paying for Privatise.

Dror Liwer, Coro’s co-founder, said Coro’s partners will be able to offer SASE capabilities to their customers, big and small, increasing their overall wallet share of the customer’s IT spending.

Coro’s Dror Liwer

“We ensured the offering maintains our four pillars of unification, simplification, automation and affordability, making it extremely easy to add to our partner’s portfolios, with minimal need for staff training and virtually no additional workload,” he said.

SASE Capabilities to Benefit Coro MSP Partners

The SASE offering will allow Coro‘s MSP partners to offer more security to their customers without adding staff, or needing to undergo lengthy training, Liwer said.

“The SASE offering takes minutes to deploy and requires very little supervision, which makes it a high-margin, high-value offering,” he said.

With the Privatise acquisition, Coro now offers a single source of security and protection – all managed through a unified, cloud-based platform – for any organizational configuration. Coro’s SASE solution includes military-grade VPN, secure remote desktop protocol (RDP), zero trust network access (ZTNA), next-generation firewall and domain name system (DNS) filtering. And it’s fully integrated into Coro’s holistic security architecture, eliminating security gaps caused by siloed approaches to SASE.

“We believe the offering will position our partners as a more advanced security provider to their customers,” Liwer said. “The offering will help the customers consolidate their spending and improve their security posture through our partners, which is a strategic advantage from a sales perspective, but even more so from a customer retention perspective.”

Acquisition Latest Coro Milestone

Boosting SASE capabilities through the Privatise acquisition is the latest milestone in Coro’s growth and momentum. In April, the company announced a $75 million funding round from Energy Impact Partners. Coro projects it will grow 300% year over year in 2023, extending its 300% annual growth record to a fifth year in a row.

“Coro is on a mission to bring enterprise-grade cybersecurity to companies of any size,” Liwer said. “With the addition of Privatise, we will continue to expand our offering to cover more cybersecurity domains both organically and through acquisitions. Privatise marks our first acquisition, which allowed us to expand our offering into the SASE domain, and through that, help our channel partners deliver SASE to customers that might not have otherwise been able to do so.”