Amazon.com Inc. is reportedly in advanced talks to acquire Sqrrl Data Inc., a Massachusetts-based cybersecurity software company that specializes in advanced threat detection for enterprise users.
Axios made the claim Sunday, saying its source believes that the purchase price would be a “bit north of $40 million” but “there are still some final details to iron out.” Sqrrl has raised $26.5 million to date, with its most recent round seeing the company raise $12.3 million in Junefrom Spring Lake Equity Partners, Matrix Partners, Rally Ventures and Accomplice.
Founded in 2012, Sqrrl initially set out to provide big-data security for Hadoop in particular with a platform called Accumulo, an open-source key-value store that lets admins assign access privileges at the cell level. Looking for broader markets, the company pivoted into offering a broader enterprise-focused threat protection service called Sqrrl Enterprise.
That platform offers console-based threat investigation tools that allow users to map systems and files involved in a given breach. It is said to enable security analysts to discover advanced threats faster and reduce the time required to investigate them by delivering united link analysis, User and Entity Behavior Analytics and multipetabyte scalability capabilities within the console.
If the acquisition is announced before the end of the month, it will cap off a year that has seen multiple acquisitions in cybersecurity as the market itself has begun to consolidate around bigger, multifaceted players.
Amazon itself acquired data security startup Harvest.ai Inc. in January, which it then used as the basis for its Macie cloud security product later in the year. Other notable acquisitions in a busy acquisition market this year include Symantec Corp. picking up Skycure Ltd., Palo Alto Networks Inc.’s acquisition of LightCyber Ltd., Barracuda Networks Inc. going private in a $1.6 billion deal with private equity firm Thoma Bravo LLC and Trend Micro Inc.’s acquisition of Immunio Inc.