US-based multinational IT and networking hardware manufacturer Cisco is all set to acquire risk-based vulnerability management platform developer Kenna Security for an undisclosed amount.
A deal with Kenna Security would be the third of its kind for Cisco which had earlier this week expressed its interest to acquire Sedona Systems and modern event technology platform Socio Labs.
The deal is expected to close in Cisco’s fourth quarter of the fiscal year 2021.
Kenna Security’s purchase would be Cisco’s security wing’s first significant acquisition since its $2.35 billion purchase of Duo Security in 2018.
San Francisco-based Kenna Security is a recognized market leader in risk-based vulnerability prioritization with over 14 million assets protected and over 12.7 billion managed vulnerabilities.
“Using data science and real-world threat intelligence, it has a proven ability to bring data in from a multi-vendor environment and provide a comprehensive view of IT vulnerability risk,” Mr. Gee Rittenhouse, Senior Vice President and General Manager of Cisco’s Security Business Group stated.
Cisco’s Kenna Security deal is expected to complement its cloud-native service Cisco SecureX. Cisco SecureX enables users to view all their business environments in a unified manner without the need for dashboards to manage conflicting alerts or policies.
“With Kenna Security as part of SecureX, we will bridge our leading threat management capabilities with its risk-based vulnerability management to dramatically enhance our platform approach for customers,” Mr. Rittenhouse further added.