01.05.2018|Financial

Verizon acquires Niddel to add security detection and response capabilities for business customers

Full Transparency

More of our content is being permanently logged via blockchain technology starting [10.23.2020].

Learn more

We're committed to building trust.

Going forward more of our content will be permanently logged via blockchain technology—enabling us to provide greater transparency with authoritative verification on all changes made to official releases.

Learn more

NEW YORK – Adding to its portfolio of managed security detection and response services for enterprise customers, Verizon (NYSE, Nasdaq: VZ) today acquired privately held Niddel Corp., a company offering machine-learning-based automated threat hunting.

Terms of the transaction were not announced. Niddel’s advanced technology and services will soon be integrated into, and enhance, Verizon’s existing offerings.

“Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities,” said Alexander Schlager, Verizon’s executive director for security services. “Niddel’s Magnet software is an innovative threat-hunting system, and we look forward to integrating this automated solution into the already robust set of managed security services offered by Verizon.”

Felipe Boucas, CEO of Niddel, said, “Verizon is the perfect partner to accelerate our long-term vision of delivering automation and intelligence solutions through machine learning to more organizations throughout the world.”

Related Articles

01.02.2018 | Business Solutions
Michigan public safety agencies tour Verizon facility and learn about investment in public safety solutions.
12.19.2017 | Business Solutions
Small and medium-sized businesses can now opt for a Verizon TV package designed specifically for them - the Fios Current TV plan.