AlgoSec The financial terms of this deal were not disclosed?

Prevasio, a cybersecurity and application connectivity provider AlgoSec, has been acquired. The financial terms of this deal were not disclosed.

This is deal number 1,023 in technology M&A that ChannelE2E covered in 2022. More than 2,000 M&A deals involving MSPs or MSSPs are listed here.

AlgoSec Acquires Prevasio Cloud Security Security

AlgoSec is a New Jersey-based company that was established in 2004. LinkedIn lists the company’s 476 employees. AlgoSec is a network security company with 476 employees.

Prevasio was established in Menlo Park, California in 2020. LinkedIn lists seven employees for the company. Prevasio is a startup which developed a SaaS, cloud-native app protection platform (CNAPP). This platform includes an agentless cloud cybersecurity posture management platform (CSPM), antimalware scan, vulnerability assessment, and dynamic analysis of containers. Stanford Research Institute International’s (SRI), created artificial intelligence (AI).

The companies stated that the acquisition will help AlgoSec expand its customer base and increase its portfolio of cloud security products. Prevasio, AlgoSec’s seller, will be the seller in the future.

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