The purpose of the acquisition is to add AlienVault‘s threat intelligence expertise to AT&T’s existing portfolio of cybersecurity solutions for businesses.
“The acquisition of AlienVault will enable AT&T to expand its enterprise-grade security solutions portfolio and offerings to millions of small and medium-sized businesses,” reads a press release announcing the acquisition. “AlienVault’s innovative technology and security talent will help accelerate AT&T’s vision of enabling organizations of all sizes with effective cybersecurity solutions.”
Just announced! AT&T to acquire AlienVault. AlienVault’s innovative technology and security talent will help accelerate AT&T’s vision of enabling organizations of all sizes with effective cybersecurity solutions. For more details read the press release pic.twitter.com/A5YE0Bm3RN
— AlienVault (@alienvault) July 10, 2018
“Together, with our enterprise-grade detection, response and remediation capabilities, we’re providing scalable, intelligent, affordable security for business customers of all sizes,” said Thaddeus Arroyo, CEO at AT&T Business, in the press release.
The acquisition means no harm to AlienVault’s open threat intelligence community, Open Threat Exchange, which will continue to operate.
The acquisition is expected to close in the third quarter of this year. After closing, AlienVault will become part of AT&T’s Edge-to-Edge Intelligence department.
Founded in 2007, AlienVault has had nine funding rounds for a total of $118.4 million.
