By Samantha Subin

Copyright cnbc

Beri told CNBC that the company doesn’t typically go for larger acquisitions based on annual recurring revenue. Bigger deals aren’t off the table, and Netskope typically targets “specific” technology and teams, he said.

The company operates in a competitive landscape, listing Palo Alto Networks, Broadcom, and Cisco among its fiercest contenders. But Beri said his goal isn’t to become a one-stop cybersecurity shop.

“I’m not a believer that in security and networking, people want one platform,” he said. “People need to play well with each other in the industry and integrate for the best of the customer.”

Netskope, which filed for its initial public offering last month, hasn’t reached profitability yet. Revenues totaled $328 million for the six months ended in July, and the company reported a net loss of $170 million.

Beri told CNBC that the company plans to turn free cash flow positive this year. Annual recurring revenues surpassed $700 million at the end of July.