Skout through January 2021 or so positioned itself mainly as cyber-as-a-service for MSPs. The company also competes in the highly fragmented SOC as a Service (SOCaaS) market for MSPs. More recently, Skout — like much of the cybersecurity industry — has jumped on the hot XDR term to emphasize a platform that connects “with email, firewall, identity and access, and a 24×7 SOC that aids the detection and response of cyberattacks.”
Barracuda, backed by private equity firm Thoma Bravo, expects to close the Skout Cybersecurity acquisition in July 2021.
Skout Business Focus, Earlier Investors
In a prepared statement about the Skout deal, Brian Babineau, senior VP and GM, Barracuda MSP, said:
“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. To achieve this level of protection of 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, connecting their data feeds into a unified, 24×7 operation for swift analysis and response.”
The overall Barracuda MSP suite for MSPs now spans various RMM (remote monitoring and management), backup and disaster recovery (BDR), cybersecurity, and SOC capabilities. Key acquisitions tracked by MSSP Alert and ChannelE2E have included: