Verizon has made it official this week that it has acquired autonomous threat detection startup Niddel for an undisclosed amount. Though the acquisition price is being kept under wraps, a source from the renowned Telecommunication Service provider says that the deal was closed for double-digit number holding in millions.
Technically speaking, Niddel is a provider of machine learning based security detection and response service. Its primary product, Niddel Magnet is a threat detection service that uses machine learning to locate infected or compromised devices in an enterprise. As the operations are done in an autonomous way, it doesn’t require customers to generate their own code, rules, searches or any kind of content of sort.
Niddel Threat detection service uses more than 50 internal and external sources to track down the kind of security threats that have a high probability to affect devices in enterprise networks. It actually hunts down cyber attacks that go undetected by traditional security technologies by transforming millions of raw data indicators into tens of high confidence alerts so that analysts can focus on investigating qualified leads.
Niddel claims that its Magnet has the potential to eliminate 96% of false positives, compared to other threat detection solutions which offer only 40% of alerts on an average.
As companies of private and public nature are showing a lot of interest in improving their cyber defenses, Verizon plans to integrate the newly acquired Niddel’s Magnet software into its existing threat detection portfolio to reduce false positives and to significantly improve detection and response capabilities.
Found in 2014, Niddel Software can integrate with leading SIEMs, Log management systems, incident response workflow managers, threat intelligence providers, platforms, and sharing communities.