Netsurion, a Ft. Lauderdale-based provider of managed security services for multi-location, highly distributed networks, and EventTracker, a Columbia, Maryland-based provider of managed security services for comprehensive security information and event management (SIEM) solutions, have agreed to merge.
This transaction, whose amount was not disclosed, aims to create a combined company that will offer a broad suite of complementary cybersecurity solutions to its customers.
Under the terms of the agreement, Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners and majority shareholder of Netsurion, has made a significant equity investment to accelerate the growth of the combined company.
Netsurion and EventTracker will continue to operate as distinct brands. Kevin Watson, CEO of Netsurion, will serve as CEO of the parent organization, and A.N. Ananth, CEO of EventTracker, will continue in his role.
EventTracker provides a product suite including EventTracker Security Center and EventTracker Log Manager, which enables users to optimize IT operations, detect and deter security breaches, and comply with multiple regulatory mandates. Clients include government agencies, commercial enterprises, and the healthcare and financial sectors. The company has additional offices in Bangalore, India.
Netsurion is a provider of remotely-managed data security services that protect multi-location businesses’ information, payment systems, and on-premise public and private Wi-Fi networks from data breaches and other risks. The company also has offices in Houston and St. Louis.