Deloitte & Touche, a subsidiary of Deloitte, a Top 250 MSSP and Top 250 Public Cloud MSP, has acquired Terbium Labs, a Baltimore-based digital risk protection company that helps organizations detect and remediate data exposure, theft, or misuse. Financial terms of the deal were not disclosed.
This is technology M&A deal number 344 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here. Also, we’ve tracked more than 60 MSSP mergers and acquisitions here.
Terbium Labs' services and solutions will tuck into Deloitte's cyber practice in its Detect & Respond offering suite, the buyer said.
This is Deloitte's third cyber-related acquisition in 2021. The other deals involved threat hunting provider Root9B (R9B) and cloud security posture management provider CloudQuest.
Deloitte Acquires Terbium Labs: Executive Perspectives
In a prepared statement about the Terbium Labs acquisition, Kieran Norton, Deloitte Risk & Financial Advisory's infrastructure solution leader and principal, Deloitte & Touche, said:
"Finding sensitive or proprietary data once it leaves an organization's perimeter can be extremely challenging. Advanced cyber threat intelligence, paired with remediation of data risk exposure requires a balance of advanced technology, keen understanding of regulatory compliance and fine tuning with an organization's business needs and risk profile. Adding Terbium Labs' business to our portfolio will offer our clients one more way to continuously monitor for — and, when appropriate, minimize the impact of — data exposed on the open, deep, or dark web."
Added Deborah Golden, Deloitte Risk & Financial Advisory Cyber and Strategic Risk leader and principal, Deloitte & Touche:
"Our industry-leading cyber practice is focused on providing our clients with new and innovative ways to transform their cyber risk postures as they endeavor to strengthen their trust equity, resilience and security. As regulations change and new capabilities become available, we're strategically investing to offer advanced approaches to monitor digital assets privately and securely and to reduce time from event to remediation. These investments are powerful individually in bringing improved outcomes for our clients and transformational together by helping our clients become higher performing and more agile in the face of new threats and more efficient in their operations."
Deloitte Build Cloud, Managed Security Software Partnerships
Deloitte has also been active building strategic alliances. For instance, Deloitte and Google Cloud company Chronicle in April 2021 announced the Predictive Analytics for Cyber in Enterprises (PACE) security analytics and risk management platform. Also, Deloitte Hong Kong in 2020 embraced Qualys for various managed security services in the region.
