Zscaler

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]

Zscaler, Inc.
FormerlySafeChannel, Inc.
Company typePublic company
Traded as
  • Nasdaq: ZS
  • Nasdaq-100 component
IndustryNetwork security, computer security, Internet security
Founded2007 (2007)
Founders
HeadquartersSan Jose, California,
U.S.
Area served
Worldwide
Key people
RevenueIncrease US$1.62 billion (2023)
Operating income
Negative increase US$−235 million (2023)
Net income
Negative increase US$−202 million (2023)
Total assetsIncrease US$3.61 billion (2023)
Total equityIncrease US$725 million (2023)
Number of employees
5,962 (2023)
ASN
Websitewww.zscaler.com
Footnotes / references
[2]

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. 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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