CIO Influence
CIO Influence News Security

Trustwave Enters Next Phase of Growth with Completion of Acquisition by MC² Security Fund

Trustwave Enters Next Phase of Growth with Completion of Acquisition by MC² Security Fund

Private equity fund of internationally recognized security advisory firm The Chertoff Group acquires managed detection and response leader

The MC² Security Fund, an affiliate of The Chertoff Group, an internationally recognized security and growth advisory and investment firm, announced the completion of its acquisition of Trustwave, a global cybersecurity and managed security services leader.

PREDICTIONS SERIES 2024 - CIO Influence

“This growth is particularly pronounced in large enterprises in healthcare, financial services, hospitality, transportation and logistics, retail, and manufacturing verticals.”

With decades of experience in the cybersecurity sector, MC²’s ownership squarely aligns with Trustwave’s mission to reduce cyber risk and fortify organizations against damaging and disruptive cybersecurity threats. Clients will benefit from the combination of Trustwave’s market-leading cybersecurity portfolio with MC² and The Chertoff Group’s proven track record of driving security outcomes and building value in the industry.

CIO INFLUENCE News: SessionGuardian Enables Unprecedented Mobile Security Innovation

“Alongside MC², The Chertoff Group, and their tremendous expertise, we are positioned to further extend the global reach of our comprehensive offensive and defensive cybersecurity portfolio, providing organizations with unmatched protection and strategic guidance,” said Trustwave CEO Eric Harmon. “I’m exceptionally proud of Trustwave’s evolution as a leader in the MDR industry, marked by rapid growth with discerning enterprise buyers that outpaces the market, and sustained momentum with clients around the globe. This strategic partnership with MC² and The Chertoff Group serves as a testament to our ongoing innovation and commitment to delivering unparalleled cyber value.”

With a highly qualified and experienced team spanning commercial and public sector security backgrounds, The Chertoff Group offers specialized advisory services to help organizations achieve their business objectives in a complex risk environment. Their extensive experience with global Fortune 500 clients, as well as small to medium-sized businesses with specialized needs, and numerous governmental agencies will provide Trustwave with invaluable industry insight and connections across the national security, cybersecurity, and government technology markets.

“Today’s announcement is a testament to the immense synergies among MC², The Chertoff Group, and Trustwave,” said MC² Security Fund Partner Kanad Virk. “We have known and worked with Trustwave for over a decade, and we couldn’t be more confident in their industry-leading offerings, strong growth trajectory, and seasoned leadership. Together with the Trustwave leadership team and its world-class cybersecurity professionals, we are well-positioned for success and look forward to the integrated value and security we can provide our clients.”

CIO INFLUENCE News: Ambient Scientific’s Edge AI Processor Goes Into Volume Production

Trustwave is an analyst and industry-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. The elite Trustwave SpiderLabs team yields industry-defining threat research and intelligence, which is infused into Trustwave services and products to fortify cyber resilience in the age of inevitable cyberattacks.

“Trustwave executives say they saw the cyber market shifting and made the decision to focus on the emerging MDR market. This has resulted in strong growth for the company’s MDR and co-managed SOC offerings as clients are looking for this combination of services,” said IDC Worldwide Security Services research manager Scott Tiazkun. “This growth is particularly pronounced in large enterprises in healthcare, financial services, hospitality, transportation and logistics, retail, and manufacturing verticals.”

Trustwave’s combination of SpiderLabs security talent and its market-leading Fusion Security Operations platform enables it to meet the strenuous security needs of global enterprises. Trustwave is positioned to respond better and faster to a wider and more comprehensive array of potential threats and attacks in clients’ environments, ultimately allowing teams to make more informed decisions sooner to contain threats and protect their organizations.

CIO INFLUENCE News: Securus Technologies Unveils Innovations to Strengthen Security in Correctional Facilities

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Overcoming the Pitfalls of Poor Corporate Intelligence What Security Teams Need to Get Ahead

CIO Influence News Desk

Dell Technologies Speeds Journey to Multi-Cloud with Portfolio Expansion

CIO Influence News Desk

Confluera Launches Cloud eXtended Detection and Response Solution

CIO Influence News Desk