M&A: Security Analytics Company Devo Buys Autonomous Threat Hunting Provider Kognos
Devo Technology, a cloud-native logging and security analytics company, has acquired autonomous threat hunting platform provider Kognos for an undisclosed sum. In addition, Devo has appointed Kognos CEO Rakesh Nair as its VP of engineering.
This is technology M&A deal number 402 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
Together, Devo and Kognos will deliver an autonomous security operations center (SOC) solution, the companies said. This will allow organizations to use Devo’s technology to collect data from across their entire attack surface and generate analytics and detect threats that feed directly into the Kognos artificial intelligence engine.
A Closer Look at Kognos
Kognos provides a personal AI threat hunting assistant, according to the company. The assistant delivers insights into cyberattacks across an organization’s IT environment.
Organizations can use Kognos’ AI threat hunting assistant to identify cyberattacks and perform security investigations, the company indicated. They also can collect security logs and alerts across their endpoint and security tools.
Furthermore, Kognos provides the Kognos XDR Automation Suite for MSSPs. The suite provides threat detection, investigation and mitigation capabilities, along with contextualized and pre-investigated visual attack campaign storylines.
Kognos offers a partner program for MSSPs and other channel partners. To date, Kognos has partnered with VMware Carbon Black to help organizations detect and mitigate cyberattacks.
What Does the Kognos Acquisition Mean for Devo?
Pairing Kognos with Devo empowers security analysts to “take quick, decisive action against threats,” Devo CEO Marc van Zadelhoff stated. It also helps these analysts quickly detect cyberattacks and determine the best ways to prevent them from recurring.
The Kognos acquisition could help Devo accelerate its growth as well. It comes after Devo in October 2021 announced $250 million in Series E funding and received a valuation of $1.5 billion.