Zscaler Stock: Partnership with Schwarz Digits
Article excerpt
The US cloud security specialist Zscaler has entered into a strategic partnership with Schwarz Digits, the IT division of the Schwarz Group. The cooperation focuses on providing security services on the European cloud infrastructure STACKIT. The goal is to offer customers in Germany and Europe a sovereign cloud solution that meets strict regulatory requirements. On Tuesday, Schwarz Digits and Zscaler announced that the 'Zscaler Zero Trust Exchange' platform will be operated on the STACKIT cloud in the future. This new service will be hosted in German data centers and is particularly aimed at sectors with high security requirements such as public administration, defense, and the financial and healthcare sectors. Local data storage is intended to ensure consistent compliance with European legal regulations such as NIS 2, DORA, and the AI Act. Misha Kuperman, Chief Revenue Officer at Zscaler, emphasized the importance of the collaboration for digital sovereignty in Europe. In addition to technical implementation, the offering includes the management and support of the systems. Schwarz Digits, which manages the IT for approximately 14,500 Lidl and Kaufland stores, among others, is thus further expanding its role as a European cloud provider. In parallel, it was announced that Schwarz Digits is applying to build an EU data center for Artificial Intelligence, with the investment...
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Although the company exceeded market expectations in the past quarter with revenue of 850.48 million US dollars and adjusted earnings per share of 1.08 US dollars, the forecast for fiscal year 2027 dampened sentiment.
