Kroll has acquired Redscan, a Top 40 MDR (Managed Detection and Response) service provider that also has MSSP, XDR (eXtended Detection and Response) and SOC (security operations center) expertise. Financial terms of the deal were not disclosed.
This is technology M&A deal number 203 that MSSP Alert and ChannelE2E have covered so far in 2021.
Redscan’s UK-based team and SOC enhance Kroll’s managed security offerings in the EU, providing opportunities for expanded compliance with GDPR, the buyer says. Moreover Redscan enhances Kroll's ability to monitor, hunt and remediate incidents on behalf of Kroll Responder clients.
MSSP and Cyber Risk Telemetry
The deal also has major data-related implications. Indeed, Kroll Responder will gain the ability to support a wider array of cloud and on-premise telemetry sources, the buyer says.
The evidence: Redscan's proprietary MDR solution correlates events and intelligence from such telemetry sources as VMWare Carbon Black, Crowdstrike, AT&T Cybersecurity's AlienVault and LogRhythm plus cloud providers such as AWS (Amazon Web Services), Google Cloud and Microsoft.
Additionally, Redscan provides bespoke assessment services including CREST-accredited penetration testing, red teaming and vulnerability scanning.
Kroll Acquires Redscan - Related Organizational Updates: Redscan's business will tuck into Kroll's EMEA Cyber Risk practice, led by Managing Director Andrew Beckett while also working with Global Head of Managed Services Marc Brawner. Redscan CEO Mike Fenton, COO Gubi Singh and CTO Mark Nicholls will all join Kroll as part of the deal.
At the same time, Kroll's Cyber Risk operation will now become its own business unit, with Jason Smolanoff, Global Head of Cyber Risk, reporting directly to Kroll CEO Jacob Silverman.
With the acquisition of Redscan, Kroll’s Cyber Risk team now includes over 450 professionals in 17 countries worldwide.
Kroll Acquires Redscan: Executive Perspectives
In a prepared statement about the deal, Jason Smolanoff, managing director and global leader of Cyber Risk at Kroll, said:
“Detecting and responding to cyber threats can be an overwhelming challenge for any size company—most lack adequate tools, skills and staff to quickly triage and confidently respond. We’ve built Kroll Responder to instantly augment their capability with elite investigators and threat intelligence, and the Redscan acquisition will enable us to become even more efficient and ingest a wider variety of data sources to deliver even greater visibility and assurance.”
Redscan CEO Mike Fenton added:
“Merging Redscan’s innovative culture and leading managed security services with Kroll’s unparalleled incident response experience and end-to-end cyber risk management capabilities allows us to provide a unique global offering. This combination will build fantastic value for our clients, who will benefit from a global team of world-class seasoned experts monitoring their environments and an expanded platform to grow our proprietary technology capabilities.”
Jacob Silverman, CEO of Kroll, concluded:
“The acquisition of Redscan perfectly complements the new chapter we have entered under our Kroll brand, reinforcing our commitment to supporting our clients’ most complex challenges. Together, our professionals will harness the power of technology and their deep expertise to provide clarity and cyber resilience for clients, solidifying our position at the forefront of cyber security solutions. I look forward to building on this mandate with our expanded, global Cyber Risk team.”
Kroll employs nearly 5,000 professionals across 30 countries and territories.