NTT To Acquire Solutionary, Add Cloud Security Services
Pure-play managed security services provider Solutionary will become part of NTT's cloud portfolio
Telecommunications giant NTT Monday announced an agreement to buy Solutionary, one of the security industry's biggest pure-play managed security service providers (MSSPs).
In a press release, NTT said it will acquire the privately held Solutionary for an undisclosed sum in an all-cash transaction. The acquisition is subject to regulatory approvals and is expected to close in the third quarter.
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NTT said it is "aggressively expanding" its security capabilities in an effort to become one of the world's largest security integrators. NTT is currently providing services to more than 50 countries through research and development, as well as its communications carrier Computer Security Incident Response Team (CSIRT).
Solutionary, incorporated in 2000, offers cloud security services to more than 600 clients. It has been positioned by Gartner as a leader in its Magic Quadrant for MSSPs in North America and is the only pure-play provider in that category.
NTT says it will combine Solutionary's security analytics platform (ActiveGuard), operation capability, and expert consultants and researchers with NTT's broad IT services and security portfolio.
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