SOAR software provider ThreatConnect has acquired Nehemiah Security, which specializes in Cyber Risk Quantification solutions. Financial terms were not disclosed.
This is M&A deal 363 that ChannelE2E and MSSP Alert have covered so far in 2020. See the full M&A deal list here.
Nehemiah Risk Quantifier has been rebranded as ThreatConnect Risk Qualifier (RQ), and aligns with ThreatConnect’s existing Threat Intelligence Platform (TIP) and Security Orchestration, Automation and Response (SOAR) capabilities, the buyer says.
With CRQ, TIP and SOAR capabilities combined, ThreatConnect unifies the actions of the security team around key risks, supports their response with streamlined and automated workflows and strengthens the entire security ecosystem through technology integrations, the buyer asserts.
ThreatConnect, based in Arlington, Virginia, has partner programs that support technology integrations, channel partners and managed security services providers (MSSPs). Key MSSP partners include Infosys, Presidio, eSentire, A3Sec, and BT -- many of which rank among the world's Top 200 MSSPs.
ThreatConnect Acquires Nehemiah Security: CEO Perspectives
In a prepared statement about the Nehemiah acquisition, ThreatConnect CEO Adam Vincent said:
“For a decade now, we’ve been focused on making the job of security easier, to be the place where security comes to be effective. We began our journey focused on making threat intelligence actionable with our TIP solution, providing a platform to collect, enrich and prioritize intelligence. We evolved our capabilities to deliver an award winning SOAR platform to market, helping orchestrate and automate security actions with an intelligence-led approach. But we never lost sight of the belief we articulated in 2015 that risk mitigation should drive all action in security. We’ve watched with interest as the cyber risk quantification movement has taken off, keeping an eye on evolving approaches and listening to the experiences of our clients. The decision to acquire Nehemiah was an easy one as they are ahead of the market in terms of their ability to automate cyber risk quantification. They help overcome much of the pain felt by early CRQ adopters where manual data collection and lengthy professional services engagements are the norm. Their vision to harness the power of the security ecosystem by integrating technologies and ingesting data fits perfectly with our vision for reducing complexity. With this acquisition, we believe ThreatConnect stands alone in cybersecurity as the only partner that can deliver a true decision and operational support platform for cyber risk management."
Nehemiah Security executives were not quoted in the M&A announcement. Headcount figures and Nehemiah staff transition plans to ThreatConnect also were not disclosed in the M&A announcement.
ThreatConnect: Recent Business, Partner Milestones
ThreatConnect has taken multiple steps to round out its security platform for partners and customers. Recent moves include:
- April 2020: ThreatConnect users gained direct access to PolySwarm, a crowdsourced threat detection tool, that enables better detection against new and emerging malware. Cyber analysts using ThreatConnect’s Security Operations Platform can download and operate the tool from a single pane of glass.
- March 2020: Sixgill joined the ThreatConnect Developer Partner Program. Cyber intelligence analysts using ThreatConnect’s security operations platform can trial and purchase Sixgill threat intelligence feeds to gain better insights on vulnerabilities, the company says.
- February 2020: SlashNext, a provider of real-time anti-phishing and incident response solutions, has joined the ThreatConnect Developer Partner Program.
ThreatConnect has been in rapid growth mode. The company has grown nearly 200 percent over the past three years, according to the Inc. 5000 list for 2020.
