Acquisitions to Boost Growth Zscaler has made a few strategic acquisitions to boost growth. In May last year, the company acquired Edgewise, which focuses on securing communications among applications running in cloud and datacenter networks. Prior to this, the company bought CSPM company, Cloudneeti. Cloudneeti prevents and remediates application misconfigurations and compliance violations in SaaS, IaaS and PaaS. We believe these acquisitions have not only strengthened the data-protection capabilities of Zscaler but have expanded its customer base as well. Zscaler has a strong balance sheet with ample liquidity position and fewer debt obligations. Cash and short-term investments were $1.44 billion, while total debt (including current maturities) was $887 million as of Jan 31, 2021. It is to be noted that the company has been able to regularly increase its cash and marketable securities, as well as cash from operations, in the last three fiscal years.