BlueVoyant, a Top 250 MSSP, has acquired Microsoft Azure Sentinel security information and event management (SIEM) partner Managed Sentinel. Financial terms were not disclosed.
This is M&A deal 418 that MSSP Alert and ChannelE2E have covered so far in 2020. See the full M&A deal list here.
Managed Sentinel complements BlueVoyant's managed detection and response (MDR) for Azure Sentinel and Microsoft Defender offerings, and helps BlueVoyant serve Microsoft customers globally, the companies noted. It also will leverage BlueVoyant's threat intelligence and MDR capabilities to deliver custom deployments, security operations support and other Microsoft offerings.
BlueVoyant, formerly named BlueteamGlobal, launched in 2017. The MSSP has raised more than $200 million as of 2019. Key financial backers include Fiserv, the financial services technology provider.
A Closer Look at Managed Sentinel
Managed Sentinel is a Microsoft Gold Certified partner that specializes in Azure Sentinel deployments, the company indicated. It offers a variety of Azure Sentinel and Microsoft 365 security tools, including:
- Cloud monitoring and optimization
- Compliance monitoring
- Incident response
- Security orchestration, automation and response (SOAR)
- Threat intelligence
In addition, Managed Sentinel performs Azure Sentinel assessments and migrations, the company stated. It also delivers monitoring, use-case creation and maintenance and other Azure Sentinel management services.
MSSPs BT, CyberProof Announce Azure Sentinel Offerings
Along with BlueVoyant, Top 250 MSSPs BT and CyberProof have introduced Azure Sentinel offerings. BT in July announced a fully managed security and advisory service built on Azure Sentinel, while CyberProof launched an Azure Sentinel integration last year.
Azure Sentinel became generally available in September 2019. It allows security administrators to identify, detect and block malware in near-real-time, prioritize critical tasks and leverage intelligent security analytics and could help MSSPs capitalize on the rising demand for SIEM.
The global SIEM market is projected to expand at a compound annual growth rate of 5.5 percent between 2020 and 2025, according to industry analyst MarketsandMarkets. This sector also could be worth approximately $5.5 billion by 2025.
