AT&T to buy Cyber Threat detection company Alienvault

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AT&T has released an official press statement yesterday which says that it has acquired San Mateo based Cyber Threat Detection Company ‘Alienvault’. The financial details of the deal are yet to be disclosed, but sources say that the telecommunication giant grabbed the firm for a double-digit figure in millions.

From the beginning of this year, AT&T is in an acquisition spree. For instance, in this year, the mobile giant grabbed Time Warner for $85 billion and just a week latter acquired Otter Media for a fair amount.

The transaction of AT&T with Alienvault is said to close in the third quarter and is said to help the American telecommunication giant reach a peak position in advanced threat detection and analysis business.

AT&T has also stated that it will continue to invest in Alienvault’s prestigious Unified Security Management platform and Open Threat Exchange Program, the world’s first and the largest open threat intelligence community.

“We are excited to join forces with AT&T as it helps bring the robots cybersecurity portfolio with an industry leading technology ecosystem”, said Barmak Meftah, President, and CEO of Alienvault. He added that the acquisition will help in accelerating the ability of Alienvault to democratize threat detection and response to companies of all sizes.

Thaddeus Arroyo, CEO of AT&T Business said that the acquisition will help his company improve the ability of SMBs in detecting and responding to cybersecurity attacks as the current cyber threat landscape has shifted from a luxury to some & to a necessity for all.

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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