BlueVoyant and Concanon: MDR, Cybersecurity and Splunk Big Data Market Expertise
BlueVoyant is a New York-based MSSP that was founded in 2017. It offers a partner program that allows technology providers to integrate its MDR, security information and event management (SIEM) and other managed security services into their portfolios.BlueVoyant Acquires Concanon: Executive Perspectives
Along with buying Concanon, BlueVoyant has raised $30 million in incremental funding to support its acquisition and expanded its managed Splunk security capabilities, the buyer indicated.

"We continue to see an exponential rise in customers moving to the cloud, exposing a critical need to deploy cloud-native security technologies to take advantage of more robust integrations across clouds and software as a service products,. Acquiring Concanon enables BlueVoyant to provide end-to-end services to customers already in the Splunk Cloud Platform and to those customers who are interested in migrating. This includes onboarding, ongoing maintenance, and 24/7 security monitoring."
"Our mission is to ensure that our customers can evolve insights by not only trusting in their data but ensuring that their data is secure. We pride ourselves on helping customers solve tough business problems with innovative solutions by extracting the right data, implementing understandable processes to enhance and enrich that data, and having the right amount of time to make the best decisions possible. The marriage between BlueVoyant and Concanon will enable us to do that at scale."
BlueVoyant's MSSP Business Development, Expansion
BlueVoyant has been active recruiting cybersecurity talent, partnering, acquiring businesses and raising funds. Key milestones include:
- September 2021: BlueVoyant partnered with global telecommunications company Telstra to offer MDR security services in Australia and New Zealand.
- February 2021: BlueVoyant hired IBM Security veteran Gyorgy Robert Racz to drive its European expansion.
- October 2020: Acquired Managed Sentinel, which offers Azure Sentinel and Microsoft Defender deployment and management services,.
- July 2020: Secured $68 million in funding led by Singapore investment company Temasek, bringing its total financing to $275 million.