Cyderes Strengthens Cyber Defense with Outpost Security Acquisition

Deal News | Dec 12, 2024 | Globenewswire

Cyderes Strengthens Cyber Defense with Outpost Security Acquisition

Cyderes, a prominent player in cybersecurity services, has strategically acquired Outpost Security to advance its cybersecurity defense capabilities. Positioned as a leader in managed security services, Outpost Security brings to the table exceptional skills in incident response and specialized expertise in Splunk-based Risk-Based Alerting (RBA) technology. This acquisition enables Cyderes to streamline cyber threat detection and response by reducing alert noise and enhancing the accuracy of critical notifications. Through the integration of RBA technology into its existing threat intelligence platform, Cyderes aims to optimize data management and security operations, facilitating quicker anomaly detection and more efficient data processing. The merger is set to fortify Cyderes’s market position as a trusted cybersecurity partner for global enterprises by offering comprehensive 24/7 defense solutions, thereby staying ahead of evolving cyber threats.

Sectors

  • Cybersecurity
  • Technology

Geography

  • United States – Cyderes operates key centers, including in the United States, making it a critical geography for the company's operations.
  • Canada – The article mentions Toronto, Canada, as a relevant location for Cyderes, indicating its presence and operational significance there.
  • United Kingdom – Cyderes also has a significant presence in London, UK, which is notable for its global operations.

Industry

  • Cybersecurity – The article focuses on the acquisition within the cybersecurity industry, highlighting enhancements in threat detection and managed security services.
  • Technology – The integration of advanced technologies like Risk-Based Alerting and Splunk is central to the acquisition strategy, marking significant technological progress.

Financials

    Participants

    NameRoleTypeDescription
    CyderesAcquirerCompanyA leader in cybersecurity services, focusing on managed security services and identity and access management.
    Outpost SecurityTarget CompanyCompanyA boutique cyber defense firm known for its expertise in Risk-Based Alerting and Splunk, acquired by Cyderes.
    Chris SchuelerCEOPeopleThe Chief Executive Officer of Cyderes, commenting on the strategic importance of the acquisition.
    Will RobusChief Operating Officer and Co-founderPeopleThe COO and Co-founder of Outpost Security, sharing insights about the synergies between the two firms.