Massachusetts-based cybersecurity company GoSecure recently acquired EdgeWave, a San Diego company that specializes in filtering out fishy emails. The deal closed on August 1, for an undisclosed amount.
San Diego-based EdgeWave has about 65 employees, the majority of whom work in town. The company’s main product is its ThreatTest service, which combats phishing attacks, or attempts to dupe a user into giving the attacker their password, credit card information, or other secure information.
“EdgeWave was a first mover in Managed Inbox Detection and Response and we are pleased to join forces with GoSecure to become a disruptive force in the emerging managed detection and response market,” EdgeWave CEO Steve Kelley said in a news release.
With the acquisition, GoSecure will gain more than 2,000 customers and 100 channel partners, the company said in a press release. The company also plans to bring on EdgeWave’s staff in sales, marketing, engineering and administration. Two current EdgeWave board members will also join GoSecure’s board: Jeb Spencer, managing partner of TVC Capital and Lou Ryan, EdgeWave’s executive chairman.
EdgeWave also fits well into GoSecure’s existing services. The Waltham, Mass.-based company currently uses its CounterTack platform to detect potential insider threats, and mitigate ransomware and fileless malware. In the future, GoSecure plans to move its headquarters to EdgeWave's current offices in La Jolla.
“The acquisition of EdgeWave is strategic to GoSecure on many fronts,” GoSecure CEO Neal Creighton said in a news release. “Managed Detection and Response is one of the hottest market opportunities in cybersecurity and EdgeWave will add thousands of customers, experienced cybersecurity professionals and inbox detection and response capabilities that will extend our CounterTack technology platform and expand GoSecure’s scale while accelerating growth.”