This is M&A deal 332 that MSSP Alert and ChannelE2E have covered so far in 2020. See the full M&A deal list here.
Depth Security, based in Kansas City, Missouri, offers such services as:
network and application penetration testing;
security reviews; and
defensive controls testing.
Depth Security, founded in 2006, offers such cybersecurity solutions as:
endpoint protection, application control and endpoint detection and response;
network access control;
threat emulation and extraction; and
mobile threat protection.
Konica Minolta & All Covered Offer Blue Team, Red Team and More
The Depth Security team “specializes in providing visibility into threats facing infrastructure and operations, with network and application penetration testing and adversary emulation. This is accomplished by creatively simulating real-world attacks using the same tools and techniques as attackers to identify vulnerabilities,” All Covered says.
All Covered now has both Blue Team (Active Defense security monitoring, Vulnerability Management) and Red Team (Testing Services and advisory emulation) capabilities, along with Managed Security Awareness Training, Threat Landscape and vCISO services, the company says.
Konica Minolta & All Covered Acquire Depth Security: Executive Perspectives
Todd Croteau, president, All Covered
Gene Abramov, CEO, Depth Security
Rick Taylor, president, Konica Minolta
In a prepared statement about the deal, Rick Taylor, president and CEO, Konica Minolta, said:
“Continuing to invest in our security offering has become increasingly critical to help customers protect their data. Adding Depth Security’s expertise to All Covered’s arsenal will accelerate our ability to keep clients’ data safe so they can focus on maintaining profitability as we continue to guide them on the path to digital transformation.”
Added Gene Abramov, CEO, Depth Security:
“At Depth Security, we have helped clients improve their cybersecurity postures through the discovery of critical security flaws within infrastructure and applications. We are currently faced with growing market demand for our security expertise. Joining the All Covered team is a strategic opportunity to quickly scale-up and increase our market reach.”
Concluded Todd Croteau, president, All Covered:
“The acquisition represents an exciting point in the history of All Covered. IT security is increasingly a key priority for businesses and the talented team at Depth Security will significantly strengthen our security capabilities and resources to provide a truly holistic offering to help our clients defend against attacks and build a secure IT infrastructure.”