CloudNetworks announced that it has made a strategic equity investment to strengthen its partnership with Checker, which develops QueryPie.

Checker is a developer of the cloud-based data protection solution QueryFi, a cloud security company that provides integrated management of data access control, auditing, and monitoring in on-premise and cloud environments. In particular, it has been leading the domestic security solution market, recording more than triple-digit growth annually, with more than 70 domestic companies as customers within two years of launching QueryFi.

CloudNetworks said, “We decided to make this investment because we believe that the partnership with Checker will strengthen the technical and sales cooperation between the two companies and create various synergies in the IT service industry.”

Based on the synergy of these two companies, CloudNetworks is expected to provide customers with highly reliable solutions through Checker's security technology, while Checker will accelerate the expansion of Quarify's market share by utilizing CloudNetworks' various supply chains.

The company also explained that this investment will create more opportunities for the two companies to cooperate and create new value in the realization of zero-trust technology, which has recently become a trend in the security field, and expand into various business areas.

CloudNetworks said, “HashiCorp's Vault and QueryFi, which are our existing specialized areas of expertise, will be integrated into the cloud security platform.” By combining the Hasikoff Vault to securely manage account information stored in the query-by-access control system and authenticating all connections, we believe we can lead the more innovative cloud security market by realizing Zero Trust.”