AT&T, the American telecom powerhouse, has made some big announcement this week. The US-based giant has announced plans to acquire cybersecurity company AlienVault. Financial terms of the deal were not disclosed to the public.
The deal will enable the telecom giant to expand its enterprise-grade cybersecurity offerings to small and medium-sized businesses. The deal is expected to close in the third quarter of this year, according to AT&T.
|AT&T Dallas, Texas Image Credit: luismt94/Wikimedia Creative Commons|
The deal will combine AT&T’s immense cybersecurity solutions, which include threat detection and response technologies, with AlienVault’s threat intelligence expertise. AT&T’s customers will now be able to gain access to a broad set of enterprise-grade security solutions that will result in a more effective threat detection and response.
As part of the deal, AlienVault’s security personnel will be joining AT&T. the telecom giant also announced plans to continue investing on AlientVault’s platforms, which AT&T plans to integrate into its suite of managed cybersecurity products, according to VentureBeat.
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About AlienVault, the target company
Founded in 2007 and based in San Mateo, California, AlienVault provides a number of tools and services for detecting and responding to cybersecurity threats. These include the company’s Unified Security Management (USM) platform. Additionally, AlientVault also provides the Open Threat Exchange (OTX) platform, which serves as an online community where cybersecurity professionals and IT researchers can share their latest cybersecurity findings and studies.
Before its deal with AT&T, AlienVault has managed to raise around $120 million in total funding. The company’s investors include some big names in the venture capital world. These include Kleiner Perkins Caufield & Byers, Intel Capital, and GGV Capital. The company has been doing well and was reportedly moving toward an initial public offering or IPO. But with the AT&T deal, that option is now clearly off the table.
This is not the first time AT&T has acquired a company. The American telecom giant has been busy buying some companies in the past few months. Last month, AT&T acquired the ad-tech company AppNexus to build out its digital advertising chops to go along with its Time Warner acquisition.
About AT&T, the acquirer
Founded in 1983 and based in Dallas, Texas, AT&T is the world’s largest telecommunications company and also the largest provider of fixed telephone services in the US market. AT&T is also the parent company of the mass media conglomerate Warner Media. This makes AT&T the largest media and entertainment company in the world when it comes to revenue.