Chinese web giant Baidu has wholly acquired online security startup Anquanbao for an undisclosed sum, according to QQ Tech (hat-tip to TechNode for spotting). Anquanbao is a cloud-based protection service that guards websites from malware and distributed-denial-of-service attacks.
Baidu plans to use Anquanbao to protect and speed up its Baidu Cloud services. Anquanbao founder Ma Jie will head up Baidu’s cloud security unit. Anquanbao’s other clients include Amazon Web Services China, Tencent Cloud, SAE, and 51DNS. It protects websites like LeTV, Umeng, and Zhihu, among many others.
Founded in 2011, the startup secured an undisclosed amount of series B funding led by Northern Light Ventures and Innovation Works in October 2012. Those investors will cash out as the young firm makes its exit.
Anquanbao’s competitors include sites like Cloudfare and Nexusguard. By some estimates, Baidu now owns roughly one-third of China’s enterprise web security market.
(Source: QQ Tech)
Editing by Steven Millward, image by David Goehring
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
