AT&T on Tuesday said it would acquire San Mateo, Calif.-based threat management and intelligence firm AlienVault. Both companies have approved the agreement but the terms of the deal haven’t been disclosed. The acquisition, which is subject to customary closing conditions, is expected to complete in the third quarter of 2018.
AlienVault had raised more than $118 million in funding prior to agreeing to be acquired by the telecom giant.With the acquisition of AlienVault, AT&T aims at expanding its portfolio of enterprise-focused security solutions to target small and medium-sized businesses.
“Regardless of size or industry, businesses today need cyber threat detection and response technologies and services. The current threat landscape has shifted this from a luxury for some, to a requirement for all,” Thaddeus Arroyo, CEO, AT&T Business, commented.
After the transaction is completed, AT&T will provide business customers with a unified security management platform that aims at helping organizations detect and respond to threats more effectively. According to AT&T, AlienVault will become a key part of its Edge-to-Edge Intelligence capabilities.
Although the two companies did not provide details on the transaction, AT&T did say the deal is not “expected to have a material effect on AT&T’s results.”