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Friday, April 16, 2021

Netwrix and Stealthbits Announce Merger

Netwrix has announced a merger with Stealthbits, a cybersecurity leader that protects sensitive data and credentials from attackers.

The combined entity will continue to offer its complete portfolio of more than a half dozen security solutions aimed at identifying and detecting data security risk as well as protecting, responding and recovering from cybersecurity attacks.

Fragmented solutions in the data security market prevent organizations from building comprehensive security strategies to protect their sensitive and regulated data. To address this challenge, Netwrix and Stealthbits are joining forces to leverage each other’s expertise to broaden product capabilities and improve user experience. This will enable the combined organization to offer seven core products spanning all elements of data and information security, invest in innovation to exceed the expectations of existing customers and partners, and expand its customer base globally.

With over 500 employees and customers from more than 50 countries, the combined company will operate as Netwrix with Steve Dickson continuing to serve as its chief executive officer and on the company’s Board of Directors. Steve Cochran, founder and chairman of Stealthbits, will be an investor in Netwrix and will serve on its board of directors.

For the foreseeable future, customers, prospects and partners of each company will continue to interact with each company as they do today for sales, support and partner activity.

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