Trend Micro completed the acquisition of Cloud Conformity from Paladin for $70m.

Trend Micro, a provider of technology security services, completed the acquisition of Cloud Conformity, a designer and developer of security software, from Paladin Capital Group, a private equity firm, for $70m. This acquisition builds upon Trend Micro’s continuous innovation in cloud security, adding complementary capabilities that automatically identify and fix a range of cloud infrastructure configuration issues. It also optimizes costs and helps ensure compliance with industry regulatory standards such as PCI, GDPR, HIPAA and NIST. “We think customers will love this simplified approach to security and compliance across their entire cloud environment, including AWS, Azure and Google Cloud – providing security guardrails to let them go faster and do more,” Michael Watts, Cloud Conformity CEO.