Amsterdam-based EclecticIQ Sells Agent Software and Engineering Assets to US Company ReliaQuest

Amsterdam-based cybersecurity company EclecticIQ has sold its agent software and engineering assets to US-based cybersecurity firm ReliaQuest for an undisclosed amount. The deal was completed on June 2, 2021.

What Does the Deal Involve?

The deal involves the transfer of EclecticIQ’s agent software, which automates and streamlines intelligence gathering across different sources. The agent software, also known as the ‘Threat Intelligence Platform,’ will leverage ReliaQuest’s GreyMatter platform to provide a unified view of threats to its customers.

ReliaQuest will also acquire the engineering and development team responsible for building the agent software. The team is expected to join ReliaQuest’s development initiatives, and the acquisition will help ReliaQuest expand its development footprint in Europe.

What Does the Acquisition Mean for ReliaQuest?

The acquisition of EclecticIQ’s agent software and engineering assets fits within ReliaQuest’s growth strategy, which aims to expand its market presence and enhance its cybersecurity capabilities. The addition of the agent software and engineering team will enable ReliaQuest to deliver enhanced threat intelligence to its customers and speed up its development cycles.

According to a statement from ReliaQuest, “This strategic acquisition provides ReliaQuest with an industry-leading technology solution and a strong development team that will enable us to accelerate product innovation and deliver new capabilities to our customers more efficiently.”

What Does the Future Hold for EclecticIQ?

Following the transaction, EclecticIQ will focus on its core offering, the EclecticIQ Platform. The platform offers threat intelligence management, threat hunting, and incident response capabilities to its customers. EclecticIQ will also continue to serve its customers in Europe and the United States.

According to EclecticIQ CEO Joep Gommers, “This transaction supports our strategic focus on the EclecticIQ Platform as we continue to innovate and deliver value to our customers. We look forward to working with ReliaQuest as we remain committed to our customers and the cybersecurity industry.”

Summary

Amsterdam-based cybersecurity firm EclecticIQ has sold its agent software and engineering assets to US-based cybersecurity firm ReliaQuest. The deal involves the transfer of EclecticIQ’s agent software, which automatizes and streamlines intelligence gathering across different sources. The acquisition will also enable ReliaQuest to deliver enhanced threat intelligence to its customers. EclecticIQ, on the other hand, will focus on its core offering, the EclecticIQ Platform, and serve its customers in Europe and the United States. #BUSINESS