Cradlepoint’s Acquisition of Ericom Software: A Boost to Enterprise Security in 5G Settings
Cradlepoint, a wireless WAN vendor based in Boise, Idaho, has made a bold move in the security sector. The company recently acquired Ericom Software, an Israeli cybersecurity veteran, to expand its SASE, zero trust, and cloud security offerings. The purchase of Ericom will bolster Cradlepoint’s mobile-capable and router-integrated SASE and zero trust technology portfolio, which can now cover fixed-site, remote worker, in-vehicle, and IoT use cases. The acquisition is a key part of Cradlepoint’s strategy to build a full-stack enterprise security service optimized for 5G.
Founded in 1993, Ericom Software has experienced three decades of bootstrapped growth, employing 111 people without taking any outside funding. Ericom CEO David Canellos is excited about the acquisition, as it enhances the company’s ability to meet the cybersecurity needs of global enterprises as they accelerate their rapid adoption of 5G technologies.
Cradlepoint’s SD-WAN and security strategy is based on the belief that enterprises will not deploy products from multiple vendors to address wireless and wireline network infrastructures. Therefore, the company’s SASE and zero trust offering will interoperate with its SD-WAN platform. Cradlepoint has more than 10,000 SD-WAN customers, and its market operations are focused on North America.
While Ericom historically focused on remote access and web security, it has recently debuted a full SASE platform in 2022 that includes SD-WAN, firewall, network access, data loss prevention, and basic access management with multi factor authentication.
Cradlepoint’s acquisition of Ericom is the second since March focused on delivering single-vendor SASE, and it comes a month after Hewlett Packard Enterprise bought security service edge startup Axis Security. As cybersecurity becomes increasingly critical in the 5G era, more companies are likely to follow suit and acquire established security vendors to expand their portfolios.
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