Data loss prevention (DLP) company CoSoSys, maker of Endpoint Protector, has been acquired by fellow endpoint security provider Netwrix.
Kevin Gallagher, chief executive officer (CEO) of CoSoSys, said the move will enable Netwrix to expand its offering, with customers of both vendors to access complementary benefits from each others’ product portfolios.
“The new reality of hybrid and remote work has extended the attack surface and increased the risk of data exfiltration. Proper control over endpoints has become even more crucial, to better address this complex data security challenge,” he said in the announcement.
Neither company revealed the specific terms of the deal.
Endpoint Protector by CoCoSys helps protect data stored on employee workstations and laptops from accidental loss, unauthorised access and malicious exfiltration, using content inspection, contextual scanning, and controls over USBs and peripherals.
Steve Dickson, CEO of Netwrix, said Netwrix’s endpoint protection offering would be strengthened with DLP capabilities as a result of the acquisition, with a view to “further helping organisations avoid the operational disruption, financial loss and reputational damage that results from data leakage”.
Netwrix’s portfolio includes data classification, access governance and endpoint management solutions, especially as related to the “identify and protect” functions of the US’s National Institute of Standards and Technology (NIST) cybersecurity framework.
Netwrix customers will be able to reduce threats by monitoring how their business-critical data is shared, stored and processed on users’ endpoints, according to CoSoSys.
CoSoSys customers will be better able to identify and classify sensitive data, improving responsiveness to threat, the vendor suggested.