Trustwave & Cybereason announce cybersecurity merger

Trustwave and Cybereason have entered into a definitive merger agreement to offer an expanded range of cybersecurity solutions.

This merger, with SoftBank as the majority investor, combines the capabilities of Trustwave and Cybereason in Managed Detection and Response (MDR), Endpoint Detection and Response (EDR), offensive security, Digital Forensics and Incident Response (DFIR), and threat intelligence services.

The companies will function independently while collaborating on services and capabilities to enhance their market presence and offer greater cyber value to the clients.

The merger is set to address the growing demand for more integrated cybersecurity solutions amid a complex threat landscape.

By uniting strengths in managed security services, offensive security, DFIR, and cybersecurity consulting with complementary product offerings such as EDR, email, and database security, Trustwave and Cybereason are positioned to aid clients in mitigating emerging risks, optimising technology investments, and protecting their organisations.

Eric Gan, Chairman and Chief Executive Officer of Cybereason and former SoftBank Executive Vice President, remarked, "Today's news marks an exciting evolution in the cybersecurity industry. As the cybersecurity landscape continues to evolve, organisations are seeking more comprehensive solutions that integrate technology, services, artificial intelligence (AI) and human-led expertise to keep threat actors from causing harm. Cybereason, with its strong presence in Japan, is particularly excited to offer our combined EDR and MDR solutions in this market, where we have already seen distinct success."

"This partnership strengthens our collective capabilities across MDR, offensive security, DFIR, and cybersecurity consulting services, enabling us to unlock additional value for our clients globally and our partners in the cyber insurance and legal industries."

The new alignment will benefit from Trustwave's significant presence across the Americas, United Kingdom, Australia, the Middle East, and the Public Sector, alongside Cybereason's strong position in Japan and Continental Europe. This collaboration aims to present comprehensive solutions responding to market demands.

Eric Harmon, Chief Executive Officer of Trustwave, stated, "With today's news, we are even better positioned to continue delivering unsurpassed cyber value and safeguarding our clients against threat actors. 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. In today's fast-changing threat environment, organisations need a partner who can provide a complete ecosystem of solutions.

"By combining our strengths, Trustwave and Cybereason are uniquely positioned to support our clients' shifting needs, optimise their technology investments, and stay ahead of the cyber risks that are constantly evolving. This collaboration allows us to provide broader, more integrated solutions that safeguard the future of our clients' organisations."

The merger is also set to boost strategic investments and innovation, focusing on AI to improve threat detection and response.

It will also enhance the value proposition for mid-market organisations and cater to discerning buyers in various sectors, including Enterprise and Public Sector segments, through enhanced MDR capabilities and complementary offensive security strategies.

Chad Sweet, Chief Executive Officer and Co-founder of The Chertoff Group, commented, "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."

The transaction is anticipated to close in early 2025, subject to customary closing conditions and regulatory approvals.