Published On: Fri, Jul 2nd, 2021

Barracuda acquires Skout Cybersecurity to enter a XDR market

Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended showing and response (XDR) services. 

The deal, a terms of that were not disclosed, will see a California-based cybersecurity businessman enter a fast-growing XDR market. 

As a outcome of a ever-increasing conflict aspect as businesses change to a cloud and welcome hybrid working, 80% of confidence professionals now contend XDR solutions — that automatically collect and relate information from mixed confidence layers to urge hazard showing — should be a tip priority for their organization, and 68% of enterprises devise to exercise XDR in 2021 and 2022, according to new research. 

By adopting Skout’s XDR platform, along with a company’s confidence team, Barracuda says it will be means to offer real-time continual confidence monitoring to managed use providers, or MSPs, enabling them to residence threats some-more efficiently. Skout, an early-stage cyber-as-a-service startup that had amassed a sum of $25 million in appropriation from RSE Ventures and ClearSky, also offers AI-powered endpoint protection, email insurance services, and Office 365 monitoring by a XDR platform. 

The merger also continues Barracuda’s vital MA momentum, that includes a new merger of 0 trust entrance provider Fyde.  

“MSPs contingency be able to strengthen their customers’ end users, their devices, and a information they are accessing with these inclination opposite increasingly worldly threats. To grasp this level of insurance for their customers, and themselves, MSPs are transforming their businesses into “security-centric” operations,” said Brian Babineau, SVP and ubiquitous manager during Barracuda MSP.

“The further of Skout enables Barracuda’s MSP partners to muster confidence solutions opposite their environments, joining their information feeds into a unified, 24×7 operation for quick research and response.” 

The merger is approaching to tighten after this month, theme to receiving compulsory regulatory and third-party consents, and compensation of other prevalent shutting conditions. 

Previously a open company, Barracuda was taken private by private equity organisation Thoma Bravo who acquired a association for $1.6 billion in Nov 2017. The company, that competes with Palo Alto Networks and Symantec, provides confidence for cloud-connected networks and applications and depends a likes of Delta Airlines, Hootsuite, and Samsung among a 200,000+ customers. 

Read more:

  • Thoma Bravo buys cybersecurity businessman Proofpoint for $12.3B in cash
  • Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo
  • Thoma Bravo acquires Flexera for a second time profitable $2.85B

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