Bitdefender, cybersecurity protector of more than 500 million systems in over 150 countries, has acquired behavioural and network security analytics company, RedSocks Security BV (RedSocks).
As part of its ongoing M&A strategy, the strategic investment expands the Bitdefender portfolio and addressable market into network security and analytics territory and marks another step on its steady growth trajectory.
Netherlands-based RedSocks specializes in automated detection of suspicious network behaviour and combating cybercrime. By combining Machine Learning, Artificial Intelligence and Cyber Threat Intelligence, RedSocks provides non-intrusive, real-time breach detection solutions and incident response services for its customers. The company serves an important market need resulting from the high-profile breaches that existing, in-place network security tools have failed to prevent.
’’At Bitdefender, we’re now able to offer our Bitdefender and new RedSocks customers even stronger protection from sophisticated attacks,” said Bitdefender CEO and Founder, Florin Talpes. “By bringing RedSocks network security analytics and threat intelligence into GravityZone, a complete endpoint prevention, detection and response platform, customers will benefit from a more comprehensive, layered approach to security and deeper visibility into their threat landscape.”
Pepijn Janssen, who founded RedSocks, added, “When we started RedSocks in 2012, our goal was to build solutions that would serve any type of organization and offer them value for the long term. Together with Bitdefender, we will now achieve that goal. We are extremely proud to be acknowledged by and part of a visionary, cybersecurity company like Bitdefender.”
Both the US and Europe are key markets for Bitdefender. While the RedSocks portfolio will open more sales opportunities for Bitdefender worldwide, the acquisition of RedSocks will also accelerate the company’s go-to-market traction within Europe. Bitdefender has been active in the Netherlands market for more than 12 years with both consumer and business solutions and has a legal seat there. With the addition of the RedSocks office and its staff, Bitdefender will increase its business in the Netherlands, and gain a new foothold within the Northern European region.
The RedSocks deal closed on October 11, 2018 and follows another M&A last month which created Bitdefender Australia and the Bitdefender direct entry into the APAC market. This new acquisition, which was assisted by I5 Invest Gmbh, transfers all RedSocks assets, customers and employees to the Bitdefender Group. The current RedSocks office and its network-experienced team will become “Bitdefender Netherlands.”
“We’re ready to get to work with our new team at RedSocks. Both teams could not be more excited to collaborate and innovate to bring greater value to our customers and partners’,” added Florin Talpes.