DOW JONES28,992.41-227.57 -0.78%
S&P 5003,337.75-35.48 -1.05%
NASDAQ9,576.59-174.38 -1.79%

Security Startup Acquired By Hewlett Packard

Hewlett Packard Enterprise (NYSE: HPE) has acquired a security startup that provides tools of identity-driven and large scale distributed software, Scytale, TechCrunch r

Benzinga · 02/04/2020 10:52

Hewlett Packard Enterprise (NYSE: HPE) has acquired a security startup that provides tools of identity-driven and large scale distributed software, Scytale, TechCrunch reported

What Happened?

Scytale founded in 2017 by a team of engineers from cloud-native enterprises like Amazon Web Services, Google, Okta, PagerDuty.

The startup is the founding contributor of the Secure Production Identity Framework for Everyone (SPIFFE). According to Husak, “HPE is fully-committed to continuing Scytale’s stewardship and contributions to SPIFFE and SPIRE (SPIFFE Runtime Environment), and these projects will play a fundamental role in HPE’s plans to deliver a dynamic, open, and secure edge-to-cloud platform.” 

What Else Is There?

Scytale has raised $8 million since it was funded. The last funding type was Series A, which raised $5 million.

Price Action

HPE shares traded 1.51% higher at $14.14 at press time on Monday.