Sophos to enhance its threat detection capabilities by acquiring Braintrace
Thoma Bravo owned Sophos has announced that it is acquiring Braintrace, a cybersecurity startup that gives organizations visibility into suspicious network traffic patterns. Founded in 2016 and raised $ 10 million in funding, Braintrace has developed a Network Detection and Response (NDR) solution that helps organizations easily inspect network traffic to identify and filter suspicious activity. It does this by using Remote Network Packet Capture (RNCAP) technology, which provides visibility into network traffic patterns, including encrypted traffic, without the need for middleman decryption.
Braintrace provides visibility into cloud network traffic, a task that typically must be performed on site, and is supported by all major cloud providers, including AWS and Microsoft Azure.
With this deal Sophos will integrate Braintrace’s NDR technology into its own adaptive cybersecurity ecosystem, which underpins all of its security products and services. The technology will also help Sophos collect data from firewalls, proxies and VPNs, allowing it to search for network traffic that contains instructions for malware such as TrickBot and attackers who misuse Cobalt Strike, as well as anticipate other malicious traffic that can lead to ransomware attacks.
Commenting on the deal, which Sophos says will make it one of the largest and fastest growing managed detection and response (MDR) providers, the company’s CEO, Joe Levy, said: “We are excited that Braintrace has created this technology specifically to provide better security results to its MDR clients. It’s hard to beat the effectiveness of solutions created by teams of trained professionals and developers to solve real-world cybersecurity problems. “
Bret Laughlin, co-founder and CEO of Braintrace, said, “We built Braintrace NDR technology from the ground up for detection and now, with Sophos, it will fit into a complete system to provide cross-product detection and response across a vendor ecosystem.”
The deal comes just over a year after Thoma Bravo completed its $ 3.9 billion acquisition of Sophos, and sees the private equity firm further increase its reach in the cybersecurity space. It acquired security provider Proofpoint for $ 12.3 billion in April, and recently led a $ 225 million funding round on the zero-trust unicorn Illumio.
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