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AT&T to purchase AlienVault
Posted on Wednesday, 11 July 2018 14:53
AT&T has announced it is to acquire Californian-based cybersecurity business AlienVault for an undisclosed sum.
The deal is expected to complete in the third quarter of 2018.
News of the transaction follows a recent outbreak of cybersecurity breaches, with over 61.0 per cent small-to medium business affected in the last 12 months, according to a study by the Ponemon Institute, as cited by AT&T.
The buyer has accordingly invested in the rapidly-growing cybersecurity field.
AT&T’s acquisition of AlienVault will enable the company to combine and access the latter’s threat detection and response technologies, allowing it a wide overview of security functions.
Formed in 1984, the buyer claims to be a world leader in the communications, media, entertainment and technology industry.
Its US-based communications unit alone delivers services to over 3.00 million companies and in 2017 achieved revenue of USD 150.00 billion.
Thaddeus Arroyo, chief executive of AT&T, said: “AlienVault’s expertise in threat intelligence will improve our ability to help organisations detect and respond to security attacks.”
He adds that the acquisition will also provide scalable and affordable internet security for customers.
Formed in 2007, the target specialises in threat detection and response for businesses, with platforms such as AlienVault Open Threat Exchange, which claims to be the world’s first open threat community.
Its labs analyse data from 80,000 customers, with over 7,000 organisations in more than 140 countries.
Barmak Metftah, chief executive of AlienVault, said: “This deal accelerates our ability to deliver on the AlienVault mission, which is to democratise threat detection and respond to companies of all sizes.”
The deal remains subject to customary closing conditions, and both companies will operate separately until the transaction is finalised.
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