Cybersecurity firm AlienVault will soon be part of AT&T
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Cybersecurity firm AlienVault will soon become part of AT&T as the companies agreed to an acquisition deal worth an undisclosed amount.
The deal will help AT&T expand its enterprise-grade security solutions to millions of small and medium businesses around the globe.
"Regardless of size or industry, businesses today need cyber threat detection and response technologies and services," says AT&T Business CEO Thaddeus Arroyo.
"The current threat landscape has shifted this from a luxury for some, to a requirement for all."
Statistics from the 2017 Ponemon Institute State of SMB Cybersecurity study seem to support those claims, as it found that more than 61% of SMBs had been breached in the last 12 months – a 6% increase since 2016.
AlienVault’s expertise in threat intelligence, technology, and security talent will support AT&T’s vision of providing cybersecurity solutions to businesses of all sizes, the company states.
"We're thrilled to join forces with AT&T. They bring a robust cybersecurity portfolio with an industry-leading technology ecosystem," comments AlienVault president and CEO Barmak Meftah.
"This deal accelerates our ability to deliver on the AlienVault mission, which is to democratise threat detection and response to companies of all sizes."
AT&T will continue to build on AlienVault’s Unified Security Management platform and Open Threat Exchange, which is described as the world’s first open threat intelligence community.
AT&T will also integrate AlienVault into its own cybersecurity suite of services.
"AlienVault's expertise in threat intelligence will improve our ability to help organisations detect and respond to cybersecurity attacks. Together, with our enterprise-grade detection, response and remediation capabilities, we're providing scalable, intelligent, affordable security for business customers of all sizes," Arroyo continues.
After the deal closes, AT&T customers will be able to access AlienVault’s Unified Security Management platform.
AlienVault will also become part of AT&T’s Edge-to-Edge Intelligence capabilities, which span the core of a company's network to all endpoints, to reveal actionable intelligence in near-real time.
AT&T also says it is making investments related to advanced threat detection and analysis, threat intelligence, virtualised security functions, and complementary services.
Terms of the teal were not disclosed. The transaction is expected to close in the third quarter of 2018. Until that time, each company will continue to operate independently.