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The deal comes as enterprises are increasingly looking to the cloud to help fulfill their IT services and application needs. Founded in 2011, Skyhigh first shipped its CASB product in 2013. Since then, it has earned a reputation for helping large enterprises and mid-market firms, particularly in the financial services, healthcare and manufacturing industries, keep their cloud application environments safe.
Soon, Skyhigh's CASB capabilities will join McAfee's endpoint protections to help joint customers safeguard their environments.
"Skyhigh is an ideal complement to McAfee's strategy—one focused on building and optimizing mission-critical cybersecurity environments for the future," wrote McAfee CEO Christopher D. Young in a letter to company stakeholders. "Cloud security has historically been an afterthought of, or impediment to, cloud adoption. With customers' most valuable asset, data, increasingly finding residence in the cloud, it's time security move to the forefront."
Skyhigh Networks CEO Rajiv Gupta, who will head up McAfee's new cloud business arm, said the buy will help the joint company bulk up its CASB capabilities.
"As part of McAfee, we will have access to even greater resources to accelerate delivery of Skyhigh's product roadmap, further advancing our vision of making cloud the most secure environment for business," wrote Gupta in his own letter.
The Skyhigh Network buy arrives nearly eight months after McAfee officially began operating as an independent company again.
In September 2016, chipmaker Intel announced it was spinning out its cybersecurity unit McAfee, six years after first acquiring the company for nearly $7.7 billion. On April 3, McAfee debuted as a standalone, pure-play cybersecurity firm.
Intel, for its part, hasn't given up on data security and pledged to work with McAfee after the split. Meanwhile, the company is pursuing hardware-based security solutions.
"The security industry needs a trusted foundation, especially as cyber threats move down the stack, from application software to hardware, the most valuable attack surface," blogged Doug Fisher, senior vice president and general manager of the Software and Services Group at Intel. "We deliver a silicon root of trust that includes unique and compelling security extensions to the Intel instruction set architecture, designed to protect applications, operating systems, firmware, BIOS and hardware."