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Bitdefender, Fortinet, eSentire Lead Big Day in Cybersecurity M&A

M&A

Bitdefender, Fortinet and eSentire are beefing up their cybersecurity capabilities with acquisitions in the areas of network security analytics, cloud-based insider threat detection and response, and artificial intelligence (AI).

Bitdefender is buying Netherlands-based RedSocks Security, which specializes in automated detection of suspicious network behavior and combating cybercrime. The acquisition expands Bitdefender’s portfolio and addressable market into network security and analytics, and fosters continued growth.

Joe Sykora, Bitdefender’s vice president of worldwide channel development, tells Channel Partners the acquisition means his company’s partners now can offer additional network security solutions.

Bitdefender's Joe Sykora

Bitdefender’s Joe Sykora

“For example, partners will be able to open new doors at end users based on solutions around network security just like we do with our data-center security solutions,” he said. “For existing clients, our partners will be able to offer additional solutions and managed security around these solutions.”

RedSocks is a 100-percent channel company and had existing partners and a partner program in place, Sykora said.

“For existing partners this represents an expanded security portfolio to offer their clients with top-ranked data-center security and endpoint-security solutions,” he said. “They will also benefit from our expanded channel support and coverage that we have been making large investments in.”

Both the U.S. and Europe are key markets for Bitdefender. While the RedSocks portfolio will open more sales opportunities for Bitdefender globally, the company also expects the acquisition to accelerate its go-to-market traction within Europe.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Meantime, Fortinet Tuesday completed its acquisition of ZoneFox, a privately held cloud-based insider threat detection and response company based in Scotland. Fortinet said the acquisition further enhances the Fortinet Security Fabric, and strengthens its existing endpoint and security information and event management (SIEM) business.

Fortinet's John Maddison

Fortinet’s John Maddison

John Maddison, Fortinet’s senior vice president of products and solutions, tells Channel Partners his company’s partners will benefit from the acquisition in a number of ways, including “selling an expanded product and services portfolio, access to an increased addressable market, and the ability to up-level their strategic sales conversations with chief information security officers (CISOs).”

ZoneFox supports VARs in the United States who can join the Fortinet partner community, he said.

“Fortinet is committed to providing our partners with a broad portfolio of industry-leading solutions all tied together by our open security fabric platform approach to cybersecurity,” Maddison said. “This acquisition expands our portfolio to allow Fortinet partners to offer customers additional tools to solve their most difficult problems.”

And eSentire is buying Seattle-based Versive, a cybersecurity AI company that delivers advanced threat detection and automation with its platform. eSentire will bring together AI with its managed detection and response (MDR) platform and security analyst expertise.

Kerry Bailey, eSentire’s CEO, tells Channel Partners the new Versive + eSentire solution provides a significant opportunity for his company’s partners to …

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