The ongoing shift of emphasis in the cyber security industry from defensive, reactive actions towards pro-active detection and response has fueled veteran Finnish security company F-Secure’s acquisition of MWR InfoSecurity, announced today.
F-Secure is paying £80 million (€91,6M) in cash to purchase all outstanding shares in MWR InfoSecurity, funding the transaction with its own cash reserves and a five-year bank loan. In addition, the terms include an earn-out of a maximum of £25M (€28,6M) in cash to be paid after 18 months of the completion subject to the achievement of agreed business targets for the period from 1 July, 2018, until 31 December, 2019.
F-Secure says the acquisition will enable it to offer its customers access to the more offensive skillsets needed to combat targeted attacks — specialist capabilities that most companies are not likely to have in-house.
It points to detection and response solutions (EDR) and managed detection and response services (MDR) as one of the fastest growing market segments in the security space. And says the acquisition makes it the largest European single source of cyber security services and detection and response solutions, positioning it to cater to both mid-market companies and large enterprises globally.
“The acquisition brings MWR InfoSecurity’s industry-renowned technologies to F-Secure making our detection and response offering unrivaled,” said F-Secure CEO Samu Konttinen in a statement. “Their threat hunting platform (Countercept) is one of the most advanced in the market and is an excellent complement to our existing technologies.”
As well as having experts in-house skilled in offensive techniques, MWR InfoSecurity — a UK company that was founded in 2002 — is well known for its technical expertise and research.
And F-Secure says it expects learnings from major incident investigations and targeted attack simulations to provide insights that can be fed directly back into product creation, as well as be used to upgrade its offerings to reflect the latest security threats.
For years, MWR has been a company with world-class technical research. Just take a look at some of the @MWRLabs publications: https://t.co/ntfBHqSFgd
— Mikko Hypponen (@mikko) June 18, 2018
MWR InfoSecurity also has a suite of managed