Category Archives for "Managed Services News"

Jan 06

Pax8 Follows Wirehive Acquisition with $96 Million in New Equity Capital

By | Managed Services News

The new funding will allow Pax8 to better support partners.

Pax8 has raised $96 million in new equity capital, and has big plans for global expansion and further platform development.

The funding was led by Catalyst Investors and Sageview Capital. It also includes previous investors Blue Cloud Ventures and Liberty Global Ventures.

In addition, Catalyst’s Todd Clapp and Sageview’s Scott Stuart have joined Pax8’s board of directors.

More Partner Benefits

Nick Heddy is Pax8’s chief revenue officer.

Pax8's Nick Heddy

Pax8’s Nick Heddy

“This funding will provide the technology, support and education partners need to offer world-class cloud solutions to businesses worldwide,” he said. “Together with our partners, we are accelerating cloud adoption and providing businesses with more opportunities.”

This equity capital gives Pax8 the opportunity to expand globally, Heddy said. In addition, it will allow the company to accelerate the development of its cloud marketplace technology platform.

John Street, Pax8‘s CEO, said the investment will open up new opportunities.

“We have a unique approach that tightly couples our technology platform with an unparalleled customer experience that simplifies cloud adoption,” he said.

SMBs have moved only a faction of their workloads to the cloud, Clapp said. Therefore, Pax8 should experience “tremendous growth.”

Also this week, Pax8 said it is buying Wirehive in a deal that gives channel partners in North America and the U.K. more access to vital cloud capabilities. Wirehive provides cloud hosting and consulting. It’s based in the U.K., and teams with Microsoft Azure, Google Cloud Platform and Amazon Web Services.

Pax8 offers MSPs, VARs, agents and other partner types access to services and platforms including Datto, Acronis, Zoom and RingCentral.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

Jan 06

Netwrix-Stealthbits Merger Kicks Off 2021 Cybersecurity M&A

By | Managed Services News

The combined company will operate as Netwrix.

The first cybersecurity M&A of 2021 is Netwrix merging with Stealthbits. The combined entity will offer a portfolio of seven security solutions.

The company will operate as Netwrix, with Steve Dickson continuing as CEO and board member. Steve Cochran, Stealthbits’ founder and chairman, will be an investor in Netwrix and will serve as a board member.

The combined company’s solutions identify and detect data security risk. They also help protect, respond and recover from cybersecurity attacks.

Netwrix and Stealthbits didn’t reveal the purchase price of this first cybersecurity M&A of 2021.

Core Products

The company will offer seven core products spanning all elements of data and information security. It will also invest in innovation for customers and partners, and expand its customer base globally.

It will have over 500 employees and customers from more than 50 countries.

Dickson said this first cybersecurity M&A of 2021 will mean a lot to Netwrix partners.

“We are joining forces to offer data security solutions for enterprises of all sizes from five users to five million,” Dickson said. “That means that Netwrix partners will eventually be able to expand the breadth of features they can offer from within the Netwrix products, offer additional products to their current customers, and perhaps even expand their customer base to include the largest businesses. One example of integration opportunities is the ability to leverage the Stealthbits governance capabilities and make them available to customers of Netwrix Auditor.”

Netwrix's Steve Dickson

Netwrix’s Steve Dickson

Typically, vendors offer fragmented solutions, which prevent organizations from building comprehensive cybersecurity strategies, he said.

“Solutions often overlap in functionality, which means that organizations pay twice for the same features,” Dickson said. “Netwrix and its partners will be able to offer customers a complete portfolio of security solutions to identify and detect data security risk, protect, respond and recover from cybersecurity attacks.”

For the foreseeable future, customers, prospects and partners will continue to interact with the company they are used to dealing with.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

Combined Partner Program Coming

The Netwrix and Stealthbits leadership teams are working together on the partner program for the combined company, Dickson said. More details on channel programs for the combined company will be provided soon and shared with the channel community.

“Our goal is to keep both Netwrix’s and Stealthbits’ partners aware of the integration plan of the joint company, and help get clarity on the benefits to them and their customers to ensure they win the business when representing us,” he said.

Stealthbits’ partners will continue to offer a complete portfolio of more than a half dozen security solutions, Dickson said.

“Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider,” Cochran said.

In October, TA Associates completed a majority investment in Netwrix. The vendor plans to use the investment to grow its portfolio of data security solutions and expand globally.

Netwrix’s business model focuses on the midmarket.

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