Over the past year or so, threat vectors for Netsurion’s customers have changed drastically, and CEO Kevin Watson said the managed security services provider knew it had to take a different approach.
The Fort Lauderdale, Fla.-based company said Thursday it will merge with security information and event management (SIEM) vendor EventTracker, a move Watson told CRN would allow the combined company to roll out a deeper and more sophisticated managed security services offering to small and midsize businesses.
Terms of the deal, which recently closed, were not disclosed. As part of the deal, Netsurion major shareholder Providence Strategic Growth will make a “significant equity investment” in the combined company.
The deal brings together Netsurion’s managed security services, which focus on multilocation businesses and include specialties in firewall and wireless access point management, with EventTracker’s SIEM, log management and correlation capabilities. Watson said Netsurion chose EventTracker in particular because it also has a managed services offering, with its own SOC for a managed or co-managed SIEM offering.
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