Netwrix/Stealthbits Join Forces to Manage Data Breach Crisis

MSP TODAY NEWS

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

Editor, MSPToday

SHARE THIS ARTICLE
Related Articles

Cyberattack Protection, Detection, and Recovery with SaaS

By: Greg Tavarez    11/23/2022

DataHawk from Cohesity is a data security SaaS solution that helps customers protect, detect and recover from cyberattacks and ransomware attacks.

Read More

Cloud Marketplace Innovator Pax8 Ranks 131 on the Deloitte Technology Fast 500

By: Juhi Fadia    11/23/2022

Pax8 has been named in the Deloitte Technology Fast 500 among the fastest-growing technology, media, telecommunications, life sciences, fintech, and e…

Read More

Arizona Department of Homeland Security Picks Tanium for Cybersecurity

By: Stefania Viscusi    11/22/2022

With a new, state-of-the-art cybersecurity solution from Tanium, AZDOHS is able to better share key information in real time, creating a stronger secu…

Read More

IT Teams Fall Short in Microsoft 365 Security Protections

By: Greg Tavarez    11/21/2022

A surprising number of enterprises have major gaps in the Microsoft security policies and practices, leading to unnecessary risks.

Read More

Phishing Attacks Sprout from Unexpected Places

By: Greg Tavarez    11/21/2022

Users more frequently click on phishing links that arrive through other channels, including personal websites and blogs, social media, and search engi…

Read More