Irving-based cybersecurity firm Trend Micro Incorporated announced today an agreement to acquire Anlyz, a security operations center technology provider.
According to a news release, the acquisition “will extend Trend’s orchestration, automation and integration capabilities and will enable enterprises and Managed Security Service Providers to improve operational efficiencies, cost-effectiveness and security outcomes.”
The acquisition covers intellectual property, expertise and more than 40 employees. This deal will expand Trend’s engineering team to over 3,000 and adds a new research and development center in Bangalore, India.
“We are happy to welcome the Anlyz team into the Trend family – together we are increasing SOC effectiveness and reducing both the technology and resources burdens,” Kevin Simzer, COO of Trend Micro, said in a prepared statement. “Due to market pressure, we see organizations moving past security point-solution experiments in preference for platform breadth that allows for vendor consolidation, maximized return on investments and efficiencies.”
Trend Micro and Anlyz have been technology alliance partners since 2021 and share more than 30 joint customers, the release said.
Anlyz has focused primarily on security orchestration and case management for MSSPs to manage the incident response process across multiple clients. Trend Micro will use Anlyz’s SOAR solution and product connectors to broaden its platform.
Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and has 7,000 employees across 65 countries.
Irving-based cybersecurity firm Cysiv was incubated within Trend Micro, and was spun out as an independent company less than a half-decade ago. Cysiv saw revenue more than double in 2021, and CEO Partha Panda told the Dallas Business Journal in March that it was hoping to double its 2022 revenue as well.
