This is technology M&A deal number 77 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.
XM Cyber, founded in 2016, is based in Herzliya, Israel. The company has 205 employees listed on LinkedIn. XM Cyber’s areas of expertise include cybersecurity, breach and attack simulation, risk-based vulnerability management and advanced persistent threat simulation and remediation.
Confluera, founded in 2019, is based in Palo Alto, California. The company has nine employees listed on LinkedIn. Minerva specializes in cloud workload threat detection, container security and multi-cloud visibility and observability.
XM Cyber Upgrades Its Continuous Exposure Management Platform
With Confluera, XM Cyber will add real-time detection and response capabilities to its Continuous Exposure Management platform, the company said. Organizations will be able to view their on-premises and cloud environments and identify weaknesses that can potentially be exploited on attack paths to their assets. This will help organizations identify and address cloud identity vulnerabilities and respond faster to cyberattacks.
In addition, XM Cyber now offers a cloud native application protection platform (CNAPP) equipped with attack path modeling capabilities, the company noted. Organizations can use this platform to prioritize and assess risks to assets stored in their cloud environments.
XM Cyber Buys CSPM Provider
The Confluera acquisition comes after XM Cyber in June 2022 purchased Cyber Observer, a cloud security posture management (CSPM) company. XM Cyber customers can use Cyber Observer's CSPM platform to detect and resolve gaps across their security posture, the company indicated. They also can automate compliance validation and reporting for various data security standards, flag and prioritize security alerts across multiple products and generate security analytics.
XM Cyber is a subsidiary of retail giant Schwarz Group, which acquired the company in November 2021. The company offers a channel partner program that lets MSSPs, MSPs and other technology providers integrate its Continuous Exposure Management platform into their portfolios.