Cybersecurity leaders Trustwave and Cybereason have unveiled plans to merge, creating an expanded suite of security solutions backed by majority investor SoftBank.
The merger combines Trustwave's managed detection and response capabilities with Cybereason's endpoint detection and response expertise. Both companies will continue to operate independently while collaborating on strategic initiatives.
Combined, the entity will leverage Trustwave's strong presence in the Americas, United Kingdom, Australia, and the Middle East, alongside Cybereason's established position in Japan and Continental Europe.
Key focus areas include purpose-built artificial intelligence for improved cyber threat detection, enhanced Microsoft Security integration, and expanded managed detection and response capabilities for mid-market organisations.
"Today's news marks an exciting evolution in the cybersecurity industry," Eric Gan, chairman and chief executive officer at Cybereason and former SoftBank executive vice president said.
"Our merger with Cybereason is a strategic step in delivering a more dynamic and comprehensive offensive and defensive cybersecurity portfolio to our clients across all market segments," Eric Harmon, chief executive at Trustwave said.
MC² Security Fund, Trustwave's current owner, will continue as a channel partner and strategic advisor.
"The MC2 Security Fund and The Chertoff Group look forward to a continued partnership with Trustwave and a new partnership with Cybereason to further accelerate growth across the MDR market segment," said Chad Sweet, chief executive officer and co-founder of The Chertoff Group.
The transaction is expected to close in early 2025, subject to regulatory approvals.
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