On 23 October 2018, Bitdefender -cybersecurity protector of more than 500 million systems in over 150 countries- announced its acquisition of behavior and network security analytics company, RedSocks Security BV (RedSocks). As part of its ongoing M&A strategy, the strategic investment expands the Bitdefender portfolio and addressable market into network security and analytics territory, and marks another step on its steady growth trajectory.
Netherlands-based RedSocks (HSD Premium Partner) specializes in automated detection of suspicious network behavior and combating cybercrime. By combining Machine Learning, Artificial Intelligence and Cyber Threat Intelligence, RedSocks provides non-intrusive, real-time breach detection solutions and incident response services for its customers. The company serves an important market need resulting from the high-profile breaches that existing, in-place network security tools have failed to prevent.
’’At Bitdefender, we’re now able to offer our Bitdefender and new RedSocks customers even stronger protection from sophisticated attacks.” said Bitdefender CEO and Founder, Florin Talpes. Pepijn Janssen, who founded RedSocks, added, “When we started RedSocks in 2012, our goal was to build solutions that would serve any type of organization and offer them value for the long term. Together with Bitdefender, we will now achieve that goal.
The RedSocks deal* closed on 11 October 2018 and follows another M&A last month which created Bitdefender Australia and the Bitdefender direct entry into the APAC market. This new acquisition, which was assisted by I5 Invest Gmbh*, transfers all RedSocks assets, customers and employees to the Bitdefender Group. The current RedSocks office and its network-experienced team will become “Bitdefender Netherlands” with main office in The Hague.
“We’re ready to get to work with our new team at RedSocks. Both teams could not be more excited to collaborate and innovate to bring greater value to our customers and partners’,” added Florin Talpes.
Read the full press release here!
(*HSD Office had no role in this deal.)
(*I5 Invest Gmbh is not an unfamiliar party for the HSD community. They were in the jury at the Access to Capital event during the Cyber Security Week in 2017.)