ReliaQuest, a cyber threat response and security solutions provider, has acquired cyberattack simulation company Threatcare for an undisclosed sum. The company plans to integrate Threatcare cyberattack simulation capabilities into its GreyMatter cyber threat response platform; Threatcare cyberattack simulation capabilities are expected to be available to ReliaQuest customers early next year.
Threatcare CEO and founder Marcus J. Carey will join ReliaQuest's office of the CTO as part of the acquisition, the companies said. In addition, all other Threatcare team members will join ReliaQuest in various roles.
What Is Threatcare?
Threatcare provides integrated threat simulations that validate security controls, content and workflows, ReliaQuest indicated. In doing so, Threatcare enables chief information security officers (CISOs) to increase visibility over their cybersecurity technology stacks and leverage real-time security insights.
Furthermore, Threatcare provides incident response, security monitoring and threat hunting services. Threatcare also helps organizations optimize their cybersecurity programs via software and advisory services.
What Does the Threatcare Acquisition Mean for ReliaQuest?
The Threatcare acquisition could help ReliaQuest accelerate its growth and capitalize on the rising demand for cyberattack simulation solutions.
ReliaQuest in July opened a cybersecurity technology center in Salt Lake City, Utah and plans to open a second office in Tampa, Florida. It has more than 200 customers, 450 employees and a 97 percent customer retention rate.
Meanwhile, the global automated breach and attack simulation market is projected to expand at a compound annual growth rate of 40.2 percent between 2017 and 2024, according to industry analyst MarketsandMarkets. This market also could be worth $724 million by 2024.