LevelBlue, one of many world’s largest managed safety service suppliers, on Tuesday introduced the acquisition of prolonged detection and response (XDR) large Cybereason.
Following the acquisition, Cybereason’s XDR expertise and digital forensics and incident response (DFIR) capabilities will probably be built-in into LevelBlue’s portfolio of managed safety providers.
Present Cybereason backers SoftBank Corp., SoftBank Imaginative and prescient Fund 2, and Liberty Strategic Capital will grow to be traders in LevelBlue. Monetary particulars haven’t been disclosed.
Regardless of elevating roughly $850 million with hopes of going public via an IPO at a valuation of practically $5 billion just some years in the past, Cybereason struggled within the aggressive endpoint safety market and introduced layoffs in 2022. Whereas Cybereason has a formidable endpoint safety providing, it notably struggled to realize important market share within the US within the class when up towards rivals like CrowdStrike and SentinelOne, regardless of a partnership with Google introduced in 2021.
“Becoming a member of LevelBlue marks an thrilling new chapter for Cybereason,” stated Cybereason CEO Manish Narula. “This acquisition strengthens our collective capabilities throughout XDR, MDR, offensive safety, DFIR, and cybersecurity consulting providers, enabling us to unlock further worth for our purchasers and their counsel and cyber insurance coverage companions globally.”
LevelBlue is an AT&T Cybersecurity spinoff launched final 12 months on account of an alliance between AT&T and personal fairness agency WillJam Ventures.
That is LevelBlue’s third acquisition this 12 months, after Trustwave and Aon’s Cybersecurity & IP Litigation Consulting teams (Stroz Friedberg and Elysium Digital).
Knowledge from SecurityWeek’s cybersecurity M&A tracker exhibits that greater than 330 offers have been introduced thus far in 2025.Commercial. Scroll to proceed studying.
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