The deal will add XDR platform to Barracuda’s MSP offering
Barracuda has announced that it has entered into a definitive agreement to acquire SKOUT Cybersecurity. The Melville, NY-based SKOUT is a leader in cyber-as-a-service software for Managed Service Providers (MSPs). Their flagship product is their extended detection and response (XDR) platform and service.
With this acquisition Barracuda has entered the fast-growing XDR market with a solution optimized for MSPs. SKOUT brings advanced technology and continues Barracuda’s strategic M&A momentum, which includes the recent acquisition of Zero Trust Access provider Fyde. Adding to Barracuda’s prior integrations with Open XDR platforms, SKOUT expands Barracuda’s portfolio with a powerful XDR platform for MSPs that includes a 24×7 SOC.
Brian Babineau, Senior Vice President and General Manager, Barracuda MSP., commented on the deal. “MSPs must be able to protect their customers’ end users, their devices, and the data they are accessing with these devices against increasingly sophisticated threats,” he said.
“To achieve this level of protection for their customers, and themselves, MSPs are transforming their businesses into “security centric” operations. The addition of SKOUT enables Barracuda’s MSP partners to deploy security solutions across their environments. It will also connect their data feeds into a unified, 24×7 operation for swift analysis and response.
What’s in the deal
The acquisition will expand solutions for MSPs with SKOUT, offering XDR platform for proactive real-time continuous security monitoring. The platform also provides response services for managed endpoints, networks, and cloud. SKOUT’s XDR platform connects with critical security infrastructures such as email, firewall, identity and access. The company also offers a 24×7 SOC that aids the detection of and response to cyberattacks.
The updated offering will enable customers to address threats more efficiently with additional threat detection, threat analysis, and response capabilities.
The SKOUT addition will also eliminate customers’ expense of training and staffing for 24×7 service, the company said. This will permit them instead to utilize SKOUT’s security professionals to handle the SOC operation. Te result will provide MSPs with choice and flexibility when building out their cybersecurity practice, the company said.
SKOUT offers investment protection for MSPs, making it easier to handle cyberattacks in diverse customer environments, they added. This is possible because SKOUT integrates with existing security infrastructure,
The acquisition should close in July. The deal will be subject to obtaining required regulatory and third-party consents, and satisfaction of other customary closing conditions.