Data Security Providers Netwrix and Stealthbits Merge
Data security solutions provider Netwrix has merged with Stealthbits, a cybersecurity company focused on protecting sensitive data and credentials.
Founded in 2006, the Irvine, California-based Netwrix claims to provide over 10,000 organizations around the world with the necessary tools to reclaim control over sensitive, business-critical data, helping them with security and compliance auditing.
Headquartered in Hawthorne, New Jersey, Stealthbits Technologies, Inc. was founded in 2001. The cyber-security software company’s solutions help organizations keep sensitive data and credentials protected.
Owned by growth private equity firm TA Associates, the combined entity will continue to offer over a half dozen security solutions for data security risk detection and cyber-attack protection, response, and recovery.
The merger is expected to help both companies accelerate their ability to scale and meet the current demand for privacy, security, and governance within organizations worldwide.
Netwrix CEO Steve Dickson will lead the merged entity, which has more than 500 employees and serves customers in over 50 countries. However, the two companies will continue to operate as separate brands. Stealthbits, however, will be known as “Stealthbits, now part of Netwrix.”
The deal has closed but terms were not disclosed.
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