AT&T is set to purchased AlienVault, a San Mateo, California-based cybersecurity business.
The acquisition of AlienVault will enable AT&T to expand its enterprise-grade security solutions portfolio and offerings to millions of small and medium-sized businesses.
AlienVault offers tools to detect and respond to security threats through its unified security management platform, plus an online platform known as open threat exchange, where researchers and security professionals can share their findings on threat data.
The cybersecurity company’s expertise in threat intelligence will be combine with AT&T’s cybersecurity solutions portfolio, which includes threat detection and prevention as well as response technologies and services. Following the close, AT&T business customers will be able to access its unified security management platform.
Terms of the deal were undisclosed, but the transaction is expected to close before the end of 2018.
“Regardless of size or industry, businesses today need cyber threat detection and response technologies and services,” said Thaddeus Arroyo, CEO, AT&T Business. “The current threat landscape has shifted this from a luxury for some, to a requirement for all. AlienVault’s expertise in threat intelligence will improve our ability to help organizations 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 added.
The communications company will continue to invest in and build on AlienVault’s foundational unified security management platform and open threat exchange, as the company integrates AlienVault into AT&T’s cybersecurity suite of services.
According to recent research from RegTech Analyst, Cybersecurity investments declined in Q1 2018 as later-stage deals dried up. Total investment in Q1 2018 reached just $725.8m, a fall of 47.7% from the previous quarter. However, compared to the same quarter in 2017, total funding increased by 27%.
The $725.8m invested in Q1 2018 equates to just 15.7% of last year’s total funding. Thus, if investment continues at this pace, it is not projected to surpass 2017’s total. Deal activity was also slightly behind pace in Q1, standing at 44 deals which represents 20.6% of the total number of deals closed during 2017. That figure stood at 67 deals at the end of Q1 2017.Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst