Netwrix/Stealthbits Join Forces to Manage Data Breach Crisis

Netwrix/Stealthbits Join Forces to Manage Data Breach Crisis

By Luke Bellos

2020 ushered in an unprecedented influx of web traffic due to the global pandemic, and users' data has become more vulnerable as hackers look for new ways to infiltrate networks.

Two cybersecurity firms, Netwrix and Stealthbits, announced a merger to develop a packaged security solution that addresses the growing concerns of data breaching and cyber attacks. By joining forces, the companies can take a unified approach to security solutions, and provide software that will identify, attack, and resolve cyber attacks all in one platform. The merger will offer seven core products spanning all elements of data and information security, with improved user experience and product capabilities.

Steve Dickson, CEO at Netwrix, made a statement about the recent decision to join with Stealthbits.

"Stealthbits has always been driven to work with our customers to solve their most challenging credential and data security requirements. Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider," said Steve Cochran, founder and chairman of Stealthbits.

The companies plan to keep Netwrix as the operating title for the organization and Steve Dickson will remain CEO to the team of more than 500 employees. Dickson will also be serving on the Board of Directors.

"Stealthbits has always been driven to work with our customers to solve their most challenging credential and data security requirements. Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider," said Steve Cochran, founder and chairman of Stealthbits.

At this time, Netwrix and Stealthbits will continue to operate under normal conditions as plans continue to develop over the next few months.




Edited by Maurice Nagle
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editor, MSPToday

SHARE THIS ARTICLE
Related Articles

ICYMI: News Around the MSP Industry

By: Greg Tavarez    5/17/2024

Here are a few articles compiled into one for readers interested in developments around the MSP space.

Read More

Wildix UK and Ireland Shake Up Leadership for Growth and Innovation

By: Greg Tavarez    5/16/2024

Wildix announced a strategic leadership transition designed to propel the company's market growth.

Read More

Are Resellers Leaving Money on the Table?

By: Special Guest    5/16/2024

The expert and correct installation of network infrastructure and other components is crucial to every IT project's success, adding tangible value by …

Read More

Bitwarden's New Standalone App Makes Two-Factor Authentication Simple

By: Greg Tavarez    5/15/2024

Bitwarden recently launched a standalone app for two-factor authentication to protect online services and applications from unauthorized access.

Read More

Cyware Quarterback: The AI Playmaker for Advanced Security Operations

By: Greg Tavarez    5/15/2024

Cyware Quarterback is a user-friendly, AI-powered interface that streamlines security tasks for enterprise clients and security information sharing gr…

Read More