Barracuda Networks, a network solutions vendor delivering cloud-enabled networking products and services, has reached a definitive agreement to buy SKOUT Cybersecurity. The acquired company is a Melville, NY-based provider of cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service.
Barracuda Networks has joined the fast-growing XDR industry with a solution tailored to MSPs as a result of this purchase. Barracuda’s strategic M&A momentum, which includes the recent acquisition of Zero Trust Access provider Fyde, continues with the addition of SKOUT. SKOUT would enhance Barracuda’s offering with a robust XDR platform for MSPs that is supported by a 24×7 SOC, adding to Barracuda’s previous integrations with Open XDR systems.
“MSPs must be able to protect their customers’ end users, their devices, and the data they are accessing with these devices against increasingly sophisticated threats,” said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. “To achieve this level of protection for their customers, and themselves, MSPs are transforming their businesses into ‘security centric’ operations. The addition of SKOUT enables Barracuda’s MSP partners to deploy security solutions across their environments, connecting their data feeds into a unified, 24×7 operation for swift analysis and response.”
To sum up, some highlights of the SKOUT Cybersecurity acquisition include:
- Barracuda’s MSP offerings are being expanded with the addition of SKOUT, which includes the XDR platform for proactive real-time continuous security monitoring and response services for managed endpoints, networks, and cloud.
- SKOUT’s offering includes an XDR platform that interacts with essential security infrastructures such as email, firewall, identity and access, and a 24×7 SOC that assists in the detection of and response to cyberattacks.
- With increased threat detection, threat analysis, and response capabilities, clients can respond to attacks more quickly.
- SKOUT’s security specialists handle the SOC operation, saving clients the cost of training and manpower for 24-hour support. It would provide MSPs with a strong combination of technologies, enablement tools, and human security experience when it comes to building out their cybersecurity practice.
- By integrating with existing security infrastructure, SKOUT would offer investment protection for MSPs, making it easier to address cyberattacks in a variety of customer situations.
The deal is expected to close this month, pending regulatory and third-party approvals, as well as the fulfillment of other usual closing conditions.