Security Firm Accumuli Deals for Eqalis

Tuesday, December 3, 2013 @ 03:12 PM gHale

UK-based IT security solutions provider Accumuli PLC will pay $3.1 million to pick up Eqalis Limited.

Accumuli said the deal for Eqalis, an IT company that specializes in big data analytics solutions, will increase its offerings in the growing data monitoring and analytics area.

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Eqalis is a partner of Splunk, Puppet Labs, Prelert and AppDynamics. The company currently has 150 customers. Of these, 10 percent are common to Accumuli.

Eqalis has 7 direct employees and 6 third-party consultants. Following the acquisition, it will move its location from Bracknell, UK, to Basingstoke, where Accumuli has its headquarters. All employees and executives will remain in place after the completion of the deal.

“Eqalis is a business which has excelled in the areas of big data monitoring and analytics. It has prospered through its very close relationship with Splunk, through the excellence, knowledge and expertise of its directors, trainers and consultants, and through the great results it has delivered for its customers,” said Accumuli Chief Executive Gavin Lyons.

“The key to successfully mitigating IT security threats, detecting incidents and responding to breaches is the ability to access and analyze large quantities of data in real time across a business’ entire IT estate. This level of intelligence and visibility enables business to prioritize actions, respond to incidents, improve processes and enhance controls.”

Earlier this year, Accumuli acquired EdgeSeven, a SIEM consultancy and product sale business.



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