Privately held security vendor Netsurion announced on Oct. 13 that it is merging with security information and event management (SIEM) vendor EventTracker.
Financial details of the merger are not being publicly disclosed, though the deal is being facilitated by Providence Strategic Growth, which already has made equity investments in Netsurion.
Netsurion is a provider of security services, including managed firewall capabilities, while EventTracker provides a managed SIEM offering. The merged company will be known as Netsurion, with the EventTracker business operating as a division.
Many of Netsurion’s customers are in the retail and restaurant businesses and have to comply with the Payment Card Industry Data Security Standard (PCI DSS), said CEO Kevin Watson. A core element of PCI DSS compliance is having SIEM capability. Prior to the merger with EventTracker, Netsurion was doing a “basic” level of PCI DSS-related logging, Watson said.
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