NortonLifeLock, LogicMonitor Among Firms in Monday Channel M&A Spree
NortonLifeLock, previously Symantec, is selling ID Analytics, a provider of credit and fraud risk solutions for enterprises, to LexisNexis Risk Solutions for $375 million. The transaction is expected to close this quarter.
More than 450 companies in the United States use ID Analytics to make risk-based decisions designed to improve customer experiences, enhance revenue, reduce fraud and drive cost savings.
Marcy Theobald, LexisNexis Risk Solutions’ spokesperson, tells us it’s too early to discuss what the acquisition will mean to her company’s partners. ID Analytics will operate as part of LexisNexis Risk Solutions.
ID Analytics solutions complement LexisNexis Risk Solutions in two strategic areas: fraud and identity management, offering analytic models and verification solutions to help customers identify consumer risk; and credit risk decisioning, utilizing data attributes to give organizations a better understanding of risk, she said.
The integration of ID Analytics capabilities will enable LexisNexis Risk Solutions customers to gain a more complete picture of enterprise-wide risk in today’s global, mobile and digital economy by providing physical, digital, device and identity verification and authentication solutions. Becoming part of LexisNexis Risk Solutions will align complementary offerings allowing customers to better detect fraud and manage risk, Theobald said.
“The sale of ID Analytics is another step in the transformation of NortonLifeLock into a pure-play consumer cyber safety leader,” says Vincent Pilette, NortonLifeLock’s CEO. “We can now be completely focused on our singular mission to protect all areas of consumers’ online lives.”
Also Monday, LogicMonitor announced it has acquired Unomaly, a Stockholm, Sweden,-based global provider of infrastructure monitoring and intelligence across both on-premise and cloud. LogicMonitor said the acquisition accelerates its “AIOps roadmap” and will help ITOps teams gain the intelligent insights needed to determine when and how to embrace automation in order to resolve IT infrastructure issues before they disrupt the business.
Additionally, DevOps teams will be able to access insights derived from unexpected events and changes in infrastructure or applications, in order to optimize and refine continuous delivery approaches.
Mark Banfield, LogicMonitor‘s chief revenue officer, tells us his company has more than 10 years of experience building relationships with partners, and “we don’t do anything that impacts our partners without understanding their backgrounds and what’s important to them.”
“Using Unomaly’s patented and operationalized machine-learning algorithms, LogicMonitor’s hybrid IT infrastructure monitoring and intelligence platform will deliver expanded AIOps capabilities to help partners quickly and efficiently gain insight to avoid potential performance issues and surface intelligence out of pertinent data to drive useful operations actions for their customers,” he said. “Adding log intelligence to the LogicMonitor platform will allow partners to realize new revenue streams and provide more innovation and value to their customers. AIOps is an important trend in the market, and this acquisition gives all of our partners including SIs, resellers, VARs and MSPs a way to differentiate and address the growing demands of the enterprise.”
Unomaly doesn’t have a partner program; the plan is to leverage LogicMonitor’s global partner community for the Unomaly solution, Banfield said.
Also Monday, Entisys360, an IT consultancy specializing in the deployment and delivery of advanced IT infrastructure, virtualization, security, automation and cloud-first solutions, announced it has purchased Performance Technology Partners’ (PTP) cybersecurity technology and support solutions assets.
Entisys360 said the PTP technology and services offering it’s buying will help it establish itself as one of the West Coast’s leading providers of cybersecurity services. Entisys360 soon plans to leverage the assets to create a …