Barracuda Networks has entered into a definitive agreement to acquire SKOUT Cybersecurity, a US company in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service.
With this acquisition Barracuda has entered the fast-growing XDR market with a solution optimized for MSPs. SKOUT brings advanced technology and continues Barracuda’s strategic M&A momentum, which includes the recent acquisition of Zero Trust Access provider Fyde.
Adding to Barracuda’s prior integrations with Open XDR platforms, SKOUT expands Barracuda’s portfolio with a powerful XDR platform for MSPs that is backed by a 24×7 SOC.
Terms of the acquisition weren’t known, and the acquisition is anticipated to close in this months.