Qualys Acquires Cloud Workflow And Automation Platform TotalCloud For Undisclosed Sum

Cloud-based IT, security, and compliance solutions provider Qualys, Inc QLYS agreed to acquire TotalCloud, a cloud workflow management and no-code automation platform.
The financial terms of the transaction remain undisclosed.
The acquisition will strengthen Qualys' Cloud Security solution allowing customers to build user-defined workflows for custom policies and execute them on-demand for simplified security and compliance.
Qualys held $356.7 million in cash and equivalents as of March 31, 2021.
Price action: QLYS shares closed higher by 2.1% at $105.11 on the last check Monday.