Lumifi Cyber, which provides technology for the cybersecurity space, announced its purchase of managed XDR provider Netsurion. The transaction is expected to deliver enhanced security to Netsurion’s customer base through Lumifi’s U.S.-based SOC, alongside Lumifi’s SHIELDVision platform. It is regarded as a milestone in Lumifi’s larger goal to disrupt the MDR space.
For 15 years, Lumifi has developed technology to drive a human-first, automation-supported business. These ongoing efforts are shaped by the needs of in-house practitioners, and have resulted in the creation of the SHIELDVision platform. SHIELDVision fortifies Lumifi’s team of experts – hailing from institutions such as the U.S. military, DoD and Fortune 500 companies – with cutting-edge technology.
“The MDR market is too fragmented with too many point solutions,” said Michael Malone, CEO of Lumifi. “The future of rapid detection and response must be centered around a purpose-built platform for MDR that enables CISOs to make the best choices for their environments, while relying on third parties like Lumifi to enable those tools. We believe we have that platform in SHIELDVision and will continue to aggressively expand our presence in the market through acquisitions.”
Prior transactions have successfully increased overall capabilities and decreased time to detect and time to respond to potential threats for clients of previously acquired companies. With the Netsurion acquisition, Lumifi has gained additional engineers, customer success and sales associates and technical account managers, in addition to 400 new clients. Netsurion’s prevalence of MSP clients also support Lumifi’s strategic goal to become a leader in the MDR space with the additional exposure to the end customers MSPs support.
“This acquisition generates momentum for us not only in growing our company,” said Jimmy Treuting, the president and COO of Lumifi, “but in continuing to optimize SHIELDVision to create a best-in-class solution that will eventually revolutionize the entire cybersecurity landscape.”
