Bolton Labs has acquired fellow cybersecurity company Phylasso Security, increasing its reach to the Southeast Asian market.
Philippines-based Phylasso Security is an end-to-end cybersecurity solution which identifies and mitigates online threats. The company, which has been absorbed into Bolton Labs, offered companies with continuous security, management, monitoring and reporting tools. Enterprises could leverage the technology to prevent hackers stealing data, accessing the network, hijacking or spying on the network.
This acquisition will enable Bolton Labs to access ‘several key customers’ within the FinTech sector, such as online banking software MegaLink and payment services company ExpressPay, the company said.
In a study conducted by Cisco Systems, it found the Philippines was one of the countries most vulnerable to cyberattacks within the Southeast Asia market. In lieu of this, Bolton Labs is looking to “growing cybersecurity talent shortage for both our US and Southeast Asia-based customers.”
Bolton Labs COO Patrick Linton said, “The integration of Phylasso Security into the Bolton Labs offer will enable us to further address the growing cybersecurity talent shortage for both our US and Southeast Asia-based customers. We are dedicated to serving the Philippines and the rest of Southeast Asia by combining the collective power of local and global resources.”
Florida-based Bolton Labs is a security operations centre provider which gives company’s services, training and tools to secure their operations. Its technology enables a company to monitor, detect and respond to cyberthreats and educate staff on how to avoid these attacks.
Copyright © 2018 RegTech Analyst
