Weaveworks Limited, a GitOps business with offices in London and San Francisco, has acquired Magalix, an Egyptian-American cloud security firm.
Magalix, a platform that enables organisations to incorporate security and compliance using DevOps approaches, was founded in 2017 by Egyptian-American entrepreneurs Ahmed F. Mohamed and Ahmed Badran and is located in the United States with its R&D engineering team in Egypt.
According to business and sector-mandated “playbooks” and “recipes,” security and compliance regulations are “codified” and embedded into the system. Magalix has raised a total of US $4.2 million in successive rounds of funding from Egyptian investors such as Endure Capital and Egypt Ventures.
Weaveworks, a startup launched in 2014 that assists organisations in adopting cloud-native computing and managing cloud-native infrastructure and apps rapidly, reliably, and at scale, has purchased it. Weaveworks raised a total of US $60 million in a Series C funding round led by some of the world’s leading public cloud and telecommunications companies in December 2020, bringing the total funds raised to date to US $36.65 million. Investors include Amazon Web Services (AWS), Ericsson, and Google Ventures.
“We are seeing an increase in customers who run a zero-trust security model turning to GitOps to bring DevOps to cloud-native application development and IT operations,” said Mohamed Ahmed, founder, and CEO of Magalix. “Similar to how DevOps disrupted infrastructure management, we believe that integrating security into GitOps pipelines brings considerable agility and speed, preventing errors and protecting against attacks that could shut down the entire platform. Imagine securing your platforms 100 times faster with very high confidence while evolving them. Weaveworks and Magalix share that joint mission to make it easy to innovate fast without jeopardising security and stability.”
“Enterprise customers have made it clear that trusted application delivery is critical to the success of their increasingly complex cloud-native platforms,” said Alexis Richardson, CEO of Weaveworks. “With the acquisition of Magalix, Weaveworks introduces customisable policies, compliance capabilities and comprehensive risk visibility into GitOps workflows, ensuring only authorized applications are deployed and there are no nefarious activities.”
