Cybersecurity software provider Symantec Corp has acquired Appthority, a provider of mobile application security analysis.
The value of the deal was not disclosed. Prior to this acquisition, Appthority was a portfolio company of Symantec’s venture investment division.
By utilising Appthority’s technology, the company will be able to analyse mobile apps for malicious capabilities and any unsafe or unwanted behaviours. This will boost the detection of vulnerabilities, risk of sensitive data loss and privacy-invasive actions.
Founded in 2011, Appthority is a mobile app security solution which offers threat detection, threat management, and threat intelligence. Its platform helps enterprises keep compliance with regulations such as GDPR and MiFID II, and keep information secure from attacks.
This investment from Symantec furthers its desire to secure endpoints and operating systems for smartphone devices. Last year, the company acquired Skycure, a mobile threat defense solution and helped the company to launch its Symantec Endpoint Protection Mobile (SEP Mobile) service.
Following this deal, Appthority will be integrated with the SEP Mobile solution, to bolster the protection of various endpoints.
“Mobile apps are a critical threat vector that every company must address to protect their enterprise security,” said Adi Sharabani, SVP, Modern OS Security, Symantec. “The Appthority technology extends SEP Mobile’s capabilities in limiting unwanted app behaviors, supporting regulatory compliance, and assessing vulnerabilities.”
Earlier in the week, Symantec also revealed it had acquired cybersecurity solution Javelin Networks to help it protect clients and enterprises from active directory-based attacks.
It has been a very busy week for the cybersecurity company, with private equity veteran Thoma Bravo approaching the company for a potential buyout.
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