Benzinga | Aug 9, 2021 04:50PM EDT

Qualys Acquires Cloud Workflow And Automation Platform TotalCloud For Undisclosed Sum

* Cloud-based IT, security, and compliance solutions provider Qualys, Inc (NASDAQ: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.