logo
Plus   Neg
Share
Email

AT&T To Acquire AlienVault For Undisclosed Terms - Quick Facts

AT&T Inc. (T) said its plans to acquire AlienVault, a privately-held company based in San Mateo, California, to expand threat detection and response to AT&T Business Customers. The agreement has been approved by both companies.

Terms of the deal were not disclosed, but AT&T said the deal is not expected to have a material effect on the company's results. The company expects the transaction to close in the third quarter of 2018.

AT&T noted that the acquisition will combine AlienVault's expertise in threat intelligence with AT&T's cybersecurity solutions portfolio that includes threat detection and prevention as well as response technologies and services.

According to AT&T, the acquisition will enable it to expand its enterprise-grade security solutions portfolio and offerings to millions of small and medium-sized businesses. AlienVault's technology and security talent will help accelerate AT&T's vision of enabling organizations of all sizes with effective cybersecurity solutions.

The acquisition also does not change AT&T's plans to reduce its net-debt-to-adjusted-EBITDA ratio by the end of the first year after the close of Time Warner and to its historical range by the end of the fourth year after close.

The completion of this transaction is subject to customary closing conditions. Until the transaction closes, each company will continue to operate independently.

After the acquisition closes, AT&T business customers will be able to access the company's unified security management platform that helps make organizations more effective at threat detection and response, by giving them access to a broad set of enterprise-grade security capabilities.

AT&T said it will continue to invest in and build on AlienVault's foundational Unified Security Management platform and Open Threat Exchange, the world's first and largest open threat intelligence community, as the company integrates AlienVault into AT&T's cybersecurity suite of services.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet's subsidiary Loon LLC has secured its first commercial deal - to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya. The Cow Calendar era is coming to an end. Chick-fil-A said it is axing one of its well-loved products, the Cow Calendar. The 2018 Cow Calendar will be the chicken chain's last calendar. Chick-fil-A first launched the Cow Calendar in 1998 that featured cows as a new tool to convince people to eat more chicken. The calendars were popular not just for the pictures of funny Chick-fil-A cows. Japanese telecom giant Nippon Telegraph and Telephone or NTT has filed a patent for a blockchain technology-based new contract agreement method. NTT, the world's fourth-largest telecom provider, explains the ways to use the application to store contracts without tampering documents.
Follow RTT