Network security provider, Core Security, will merge with access control company, SecureAuth, officials said.
Through the $225 million merger, the two firms look to bring together security operations and identity and access management.
SecureAuth is a provider of what it calls “adaptive access controls” that include multi-factor authentication and single sign-on, meant to eliminate the threat of identity theft. Core Security specializes in network security and vulnerability management, providing real-time visibility to help manage security risks as they emerge.
The companies believe there’s a clear need for a platform that combines their two strengths.
Jeff Kukowski, currently chief executive at SecureAuth, will lead the combined company. The merger is pending regulatory approval from the U.S. Federal government.
“The security industry must deliver an integrated and relevant approach to our customers. Despite the incredible amount of money spent on security technology, front-line security professionals in the most sophisticated Security Operations Centers (SOC) are challenged in managing and visualizing the full attack surface. Including identity information into the threat landscape alongside traditional network, endpoint, and vulnerability information substantially reduces threat discovery and response time,” Kukowski said.
The newly merged company says it will serve 1,500 customers across all industry verticals and monitors over 750 million devices daily. It has 360 employees, over 75 patents issued and pending, and a network of global locations.