Managed services provider Trustwave and cybersecurity software company Cybereason announced a merger on Tuesday, with the hopes of expanding market share and using each company’s product portfolio to boost the others’ offerings.
Terms were not disclosed. The transaction is supposed to close in early 2025, pending customary closing conditions and regulatory approvals.
The two companies described the merger as a “consolidation,” with the companies’ combined expertise in areas like Managed Detection and Response (MDR), Endpoint Detection and Response (EDR), offensive security, security research, digital forensics, incident response, and threat intelligence services. The two companies will function independently but collaborate strategically to bring greater value to their client base.
The release states that developing “purpose-driven AI” and focusing on Microsoft Security services will be among the top priorities.
“As the cybersecurity landscape continues to evolve, organizations are seeking more comprehensive solutions that integrate technology, services, AI and human-led expertise to keep threat actors from causing harm,” said Eric Gan, chairman and CEO of Cybereason. “This partnership strengthens our collective capabilities across MDR, offensive security, DFIR, and cybersecurity consulting services, enabling us to unlock additional value for our clients globally and our partners in the cyber insurance and legal industries.”
Trustwave CEO Eric Harmon said in a release that “by combining our strengths, Trustwave and Cybereason are uniquely positioned to support our clients’ shifting needs, optimize their technology investments, and stay ahead of the cyber risks that are constantly evolving. This collaboration allows us to provide broader, more integrated solutions that safeguard the future of our clients’ organizations.”
The merger follows similar consolidation deals among veteran cybersecurity companies in the past few months. In August, Israeli cybersecurity firm Check Point Software Technologies announced it acquired threat intelligence firm Cyberint. In October, cybersecurity firm Sophos agreed to acquire Secureworks in an all-cash transaction valued at $859 million.
The post Trustwave and Cybereason announce merger appeared first on CyberScoop.