RootSecure provides risk-based vulnerability assessment offerings that continuously probe networks, discover connected devices and test an organization’s social engineering resilience. Arctic Wolf said the acquisition allows midmarket enterprises to better assess and manage their cybersecurity risk in addition to leveraging its AWN CyberSOC service to detect and respond to cybersecurity threats.
Brian NeSmith, Arctic Wolf’s CEO and co-founder, tells Channel Partners that enterprises prefer partners and vendors that provide more value.
“The RootSecure acquisition offers a broader solution for Arctic Wolf channel partners to provide to their customers,” he said. “Midmarket companies in particular understand the value of managed detection and response (MDR), but also want to understand their risks through vulnerability assessment. This acquisition combines SOC-as-a-service and vulnerability assessment. That is a great revenue stream for our partners and a continued way for them to be ‘sticky’ in their customer’s account.”
Arctic Wolf RootSecure products are available for resale engagement now, and timeline and availability via MSPs will be forthcoming, NeSmith said.
“Midmarket enterprises will be delighted to have a single partner providing both vulnerability assessment and SOC as a service,” he said.
|Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.|
The acquisition comes on the heels of Arctic Wolf’s recently announced $45 million Series C funding round, highlighting the company’s plans to use the new funds to accelerate company growth and provide expanded offerings to its range of customers, which has grown by 219 percent year-over-year.
“When a threat breaches layers of defense, the Arctic Wolf SOC as a service can quickly detect and help remediate that threat,” NeSmith said. “It is a compelling value proposition for partners and their customers. The RootSecure acquisition … helps us become a path of least resistance for customers and a bigger revenue opportunity for the channel.”
“Organizations are constantly challenged to keep up with the proliferation of devices and their inherent vulnerabilities,” said James Mignacca, RootSecure’s CEO. “Locating devices, prioritizing vulnerabilities and helping to remediate those vulnerabilities helps improve enterprise security hygiene. Pairing our continuous vulnerability scanning technology with Arctic Wolf’s SOC-as-a-service offering will enable customers to see a more holistic view of their security posture, in order to more quickly identify any cyber-exposure gaps.”
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