Channel Brief: OPSWAT Acquires InQuest, Commvault Intros New Security Integrations

Good morning, folks, and happy Friday! Just a heads-up that I'm on vacation next week, so if you have news, tips, gossip or anything you want to share, send it to [email protected]. I'll be back on August 19.

In the meantime, Securonix is partnering with TD SYNNEX to make its EON AI-powered capabilities available to partners, Commvault announced a slew of new security integrations, N-able has posted solid results for its second quarter that ended June 30, OPSWAT has acquired InQuest and Keeper Security named Paul Aronhime as SVP of Federal Sector. Congratulations, Paul!

Grab your coffee. Here's what you need to know today.

Today’s Tech, Channel and MSP News

1. Securonix Partners With TD SYNNEX to Deliver EON: After announcing its new suite of AI-driven capabilities, dubbed EON, at Black Hat this week, Securonix today announced a new partnership with TD SYNNEX to expand EON's availability. From a company standpoint, the partnership with TD SYNNEX marks a significant milestone in Securonix’s channel-first go-to-market strategy. It is a mutual win for both ecosystems as the Securonix Elevate partner program provides a standardized consumption model that will make it easier for partners in the TD SYNNEX ecosystem to bundle services and go to market quickly, spur growth and meet the evolving needs of its partners, the companies said.

2. Keeper Security Paul Aronhime as SVP of Federal Sector: Keeper Security announced the appointment of Paul Aronhime as senior vice president of federal sector. Aronhime joins Keeper from IntelliBridge, where he served as SVP of strategic growth. With 20+ years of experience, Aronhime’s career includes influential roles at General Dynamics Information Technology (GDIT), IBM, Science Applications International Corporation (SAIC) and Idemia, where he played a key part in critical initiatives within the Department of Defense, Fourth Estate, Combatant Commands (COCOMS) and international markets. As a U.S. Army veteran with a background in air defense intelligence, Aronhime brings a unique blend of strategic acumen and operational expertise to Keeper. Congrats!

3. N-able Posts Solid Second Quarter Results: N-able, Inc., a global IT services software company, reported results for its second quarter ended June 30, 2024. Second quarter 2024 financial highlights: Total revenue of $119.4 million, representing 12.6% year-over-year growth, or 12.7% year-over-year growth on a constant currency basis. Subscription revenue of $117.4 million, representing 13.6% year-over-year growth, or 13.7% year-over-year growth on a constant currency basis. GAAP gross margin of 84.0% and non-GAAP gross margin of 84.7%. GAAP net income of $9.5 million, or $0.05 per diluted share, and non-GAAP net income of $26.6 million, or $0.14 per diluted share. Adjusted EBITDA of $46.8 million, up 34.1% year-over-year, representing an adjusted EBITDA margin of 39.2%. Great news!

4. OPSWAT Acquires InQuest: Critical infrastructure cybersecurity provider OPSWAT announced at Black Hat USA its acquisition of InQuest, a cybersecurity solutions provider known for its novel Deep File Inspection and RetroHunting™ technologies. InQuest protects Department of Defense (DoD) customers with its network appliances that peer up to and beyond Layer 7, and, combined with its threat intelligence solutions, have a proven track record of protecting the nation’s most critical networks. With this acquisition, OPSWAT will accelerate its go-to-market strategy for the federal market and enhance protection against network-based threats. By merging InQuest’s threat intelligence capabilities with OPSWAT MetaDefender Cloud and FileScan.io into a single repository, OPSWAT will significantly boost its intelligence capabilities. InQuest customers will also benefit from enhanced network detection and response (NDR) with built-in integration with MetaDefender.

5. Commvault Announces New Security Integrations: Commvault this week announced strategic security integrations with Acante, Dasera, Google Cloud, Splunk and Wiz. These integrations are available immediately through Commvault and its partners to help customers advance their cyber resilience posture. These integrations empower customers to use their preferred security, data protection, and cyber recovery solutions. Security operations (SecOps) teams can also use data feeds to help better understand risks and threats, defend against them and recover with confidence.

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