AT&T is continuing its acquisition spree with an agreement to acquire AlienVault, a privately held company based in California. The acquisition is expected to help AT&T expand its enterprise security portfolio for SMBs.
The agreement will combine AlienVault’s expertise in threat intelligence with AT&T’s existing offer of threat detection and prevention as well as response technologies and services. After the acquisition closes, AT&T business customers will be able to access a unified security management platform for threat detection and response.
Founded in Madrid 2007 and moved to the US in 2012, AlienVault has been funded by a number of venture capital and private equity firms, including Intel Capital. The company said in March that its revenue grew over 50 percent in 2017 and its install base increased to over 7,000 businesses. In 2017, it also added over 200 managed service provider partners, increasing the total to over 500.
AT&T said it will continue to invest in and build on AlienVault’s Unified Security Management platform and Open Threat Exchange, a global, open threat intelligence community. AlienVault will become a part of AT&T’s Edge-to-Edge Intelligence capabilities, designed to cover from the core of a company’s network to all endpoints.
Terms of the deal were not disclosed, but AT&T said the takeover is not expected to have a material effect on results. Nor does it change the company’s plans to reduce its net debt ratio to around 2.5x adjusted EBITDA by the end of the first year after the close of the Time Warner takeover. The transaction is expected to close in the third quarter.
