Acquisition news for this Week

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London based Email Security services provider Mimecast has made it official that it has acquired cybersecurity training and awareness platform ‘Ataata’ last week. The financial details of the deal are yet to be known. But the objective is clear- to allow Mimecast customers to measure cyber risk training effectiveness by adapting behavior observations into actionable risk metrics which can be used by security professionals.

According to a survey conducted by Mimecast along with Vanson Bourne, over ninety percent of firms have seen an increase in phishing attacks in the last one year. But still, 21 percent of them have failed to educate their employees on how to follow the basic cybersecurity hygiene principles in order to keep their organization safe & isolated from phishing cyber threats.

Mimecast expects that its latest purchase of ‘Ataata’ will offer customers a single, cloud platform that is engineered to mitigate risk and reduce employee security mistakes. This is possible by estimating employee security risks based on sentiment and behavior and educating employees on what is happening in the cyber landscape and where they need to improve.

In other news related to the acquisition in Cloud Security business vertical, SolarWinds is said to have acquired Trusted Metrics Company in order to add real-time threat monitoring to its cloud security mix.

The objective of the former in acquiring the latter is to release a new product under the name of SolarWinds Threat Monitor- an automated tool aiming to make cyber threat detection easier for IT operations teams, managed service providers and managed security service providers.

Note- California based Trusted Metrics was formed in 2010 as an outsourced security operations center and its CEO Michael Menefee said that his company is delighted to join forces with SolarWinds. On the other hand, Kevin Thompson, the CEO of SolarWinds said that the purchase of Trusted Metrics will allow his company offers an easy, powerful and scalable threat monitoring platform.

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Naveen Goud is a writer at Cyber Security Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security