Managed Security Services

MSSP Market News: Armis, CTCI, NinjaOne, TeamLogic, Resecurity

Credit: Adobe Stock Images

Each business day MSSP Alert delivers a quick lineup of news, analysis and chatter from across the MSSP, MSP and cybersecurity world.

Reaching Our Inbox: 
Send news, tips and rumors to Managing Editor Jim Masters: [email protected]

Today’s MSSP Alert Market News:

1. M&A Deal Closes: Armis, an asset intelligence cybersecurity company, has agreed to acquire CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology. Armis has acquired all of CTCI technology and employees, expecting to merge the company with Armis over the next 30 days. Armis will integrate CTCI's technology into Armis Centrix to "create the most advanced early warning cyber intelligence system in the world," the companies said. This is technology M&A deal number 36 that MSSP Alert and sister site ChannelE2E have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.

2. Endpoint Security Partnership: NinjaOne, an IT platform for endpoint management, security and visibility, has been selected as the endpoint management platform for TeamLogic IT, a growing managed service provider serving North America. TeamLogic will use NinjaOne to streamline the remote management of more than 100,000 endpoints by automating critical tasks, including patch management and software deployment, monitoring and alerting, proactive remediation and secure remote access.

3. Global Cybersecurity Initiative: Resecurity, a cybersecurity solutions provider serving Fortune 100 and government agencies globally, has been inducted into the International Telecommunication Union (ITU). The ITU is the United Nations' specialized agency for information and communication technologies, which was established in 1865 as the International Telegraph Union, predating the UN and making it the oldest UN agency. In addition, Resecurity and CyberPeace Foundation, a global nonprofit organization that promotes cybersecurity and digital peace, have joined forces through a Memorandum of Understanding to enhance cybersecurity measures worldwide.

4. Cyber Incident Reported: Bank of America (BoA) has sent notification letters to customers impacted by a third-party breach that the LockBit ransomware group claimed responsibility for last fall of BoA business partner Infosys McCamish Systems (IMS). In a data breach notification filed Feb. 6 with the Attorney General of Texas, BoA said sensitive information was accessed by the threat actor, including names, Social Security numbers, financial account information, addresses and dates of birth. While it’s still unclear how many people were impacted, a filing by BoA with the Maine Attorney General said 57,028 people were impacted. (Source: SC Media)

5. Hacker Alert: State-backed hackers from Russia, China and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets. Microsoft said in its report it had tracked hacking groups affiliated with Russian military intelligence, Iran's Revolutionary Guard and the Chinese and North Korean governments as they tried to perfect their hacking campaigns using large language models. (Source: Reuters)

6. Security Alliance Forms: Living Security has announced the formation of its Technology Alliance Program (TAP). The alliance allows dozens of the most utilized cybersecurity tools to deliver additional visibility and value through seamless integration and interoperability with the Living Security Unify Human Risk Management platform. Living Security fosters integrations with a diverse array of platforms, including, but not limited to, Microsoft Azure, Proofpoint, Sailpoint, Okta, Mimecast, Netskope, ZScaler, Crowdstrike, Microsoft Defender, Rapid7, VMWare Carbon Black, Sophos, Abnormal, Cofense, KnowBe4, Proofpoint and Workday, the company said.

7. Leadership Move: Halcyon, a ransomware-focused platform provider, announced that former SentinelOne channel leader Chris Catanzaro has joined the company as worldwide vice president of Channel & MSSP along with former Apiiro chief revenue officer David French as vice president of sales. The two industry veterans will be critical drivers enabling Halcyon to expand its channel business, grow sales and maintain its hyper-growth trajectory, the company said.

8. Security Partnership: RedSense, a cyber threat intelligence provider, and Solis, a specialist in preventative intelligence and internet-scale threat hunting, are partnering to deliver cybersecurity protection and incident response to small and midsize businesses. The addition of RedSense's deep insight into threat actors, attack infrastructure, compromised systems and stolen credentials adds critical dimensions to Solis's threat intelligence capabilities, the companies said. RedSense will also contribute its combination of cyber intelligence and correlated network flow analysis to detect malicious activities in customer environments.

9. Funding Boost: Blue Alliance, an operator-led MSP collective, announced that it has completed a growth recapitalization transaction with Prairie Capital. the investment will enable Blue Alliance to accelerate its growth strategy and offer more MSP owners an alternative to the standard agreement, as well as the opportunity to be part of a strong, supportive community focused on scaling and shared success, the company said.

Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.