IT management platform company Continuum has upped its security game via a new acquisition and a new partnership. The company this month announced its acquisition of CARVIR and partnership with SentinelOne.
Terms of the acquisition were not disclosed. CARVIR had been a founder-owned organization prior to the deal.
CARVIR offers monitored and managed security software and services for the channel. More than 580 MSPs and 60,000-plus endpoints rely on CARVIR solutions. Prior to the acquisition, CARVIR and SentinelOne were partners.
SentinelOne is an endpoint security company. Its SentinelOne solution leverages behavioral and static artificial intelligence protection engines and delivers such features as rollback. CARVIR uses the SentinelOne Endpoint Protection, Detection, and Response Platform to serve MSPs and their customers. And CARVIR helped SentinelOne develop the latest version of the solution to support managed and multi-tenant environments.
“Our partners are just beginning to scratch the surface of the potential growth opportunities that cybersecurity services can provide, and our recent acquisition of CARVIR further amplifies our partners’ capabilities in this growing space,” said Fielder Hiss, vice president of product for Continuum. “We believe that the practice CARVIR has built around SentinelOne and their MSP-friendly solution in the last two years can accelerate our existing and future customers into the security services space.”
Continuum works exclusively with managed service providers. It helps more than 5,500 MSPs manage and back up cloud-based and on-premises servers, desktops, mobile devices, and other endpoints for small and medium business customers.
Hiss says Continuum partners have 8 percent higher gross margins, and 7 percent higher EBITDA margins than their peers. The company has 1,400 employees worldwide, services more than 65,000 end clients, and monitors some 1.2 million endpoints. Its network operations center houses 800 employees who do remediation and maintenance. And its security center monitors all its cybersecurity offerings.
Continuum’s cybersecurity offerings were getting really good traction this year, says Hiss, so it wanted to expand its security solutions portfolio. CARVIR and Continuum have very similar business models, he adds, so it was a good fit. And Continuum has known CARVIR’s founders for a long time, he adds.
Jay Ryerse, the security products CTO at Continuum, will be speaking at the upcoming MSP Expo. He’ll give a presentation titled “How to Address the Cybersecurity Opportunity in Light of the Skills Gap” on Thursday, Jan. 31.
MSP Expo 2019 will take place Jan. 30-Feb. 1 in Fort Lauderdale. We’re still accepting presentation/speaker pitches for the event, so if you’d like to participate, email me at [email protected] or use the form at this link.
For more information about MSP Expo 2019, click here.
Edited by
Maurice Nagle
