- 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.
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