Monday, June 17, 2013

NTT to Acquire Solutionary for Managed Security Services

NTT agreed to acquire Solutionary, a privately held company based in Omaha, Nebraska that specializes in managed security in an all-cash transaction. Financial terms were not disclosed.

Solutionary is a pure-play managed security service provider (MSSP) that helps enterprises fulfill the requirements of major compliance frameworks (such as PCI DSS, GLBA, FFIEC, HIPAA, HITECH and SOX). Solutionary's cloud-based ActiveGuard security services and analytics platform uses multiple detection technologies and advanced analytics to protect against advanced threats. The Solutionary Security Engineering Research Team (SERT) researches the global threat landscape, providing actionable threat intelligence, enhanced threat detection and mitigating controls. The company operates multiple Security Operations Centers (SOCs) on a 24/7 basis. The customer base spans global enterprise and mid-market clients in a wide range of industries, including financial services, healthcare, retail and government.

"We are pleased to become a member of the NTT Group" said Steve Idelman, CEO of Solutionary. "NTT's global presence and group resources will strongly complement Solutionary's well established, leading edge capability in providing security services. The Management Team and I are very excited about the ideal strategic fit with NTT and the ability to continue delivering innovative security solutions from within our pure-play culture. This partnership enables the combined organizations to deliver cutting edge IT security services, solutions and analytics to a larger number of global customers, as well as to accelerate security research to protect our clients."

The companies expect the deal to closed in Q3 2013.

See also