NEW YORK (TheStreet) -- Intel's (INTC - Get Report) investment in privately held Cloudera may be creating interest in Internet security firms among other companies that are involved in cloud computing, or the business of hosting data on remote servers.
In March, Intel invested $740 million in Cloudera, a company that sells software used to process reams of data, for an 18% stake. That was part of a $900 million funding round. This week, Cloudera splashed out some of that cash on Gazzang, which offers encryption of data housed on remote servers.
Cloudera's acquisition of Gazzang should put investors' eyes on security companies that have beaten-down stocks and that have a cloud angle, such as Barracuda Networks (CUDA), FireEye (FEYE) and even Symantec (SYMC).
>>Read More: Intel Turns to Rockchip to Scale the Great Wall of China's Tablet Market >>Read More: Clorox Insider Trading or More Golf Course Chatter? >>Read More: Interpublic Is a Cash-Flow Cow At the time of publication, the author owned shares in Amazon and Google. Follow @DanaBlankenhorn This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.