Integrated cloud-based IT service management (ITSM) solutions provider LOGICnow
has acquired data breach risk intelligence platform iScan. LOGICnow, which has headquarters in Dundee, Scotland, United Kingdom, caters to managed service providers and business customers. Its MAX platform offers remote management, back-up and disaster recovery, mail and service desk options. LOGICnow will absorb iScan’s technology to ‘power the development of the LOGICnow MAX Risk Intelligence solution’ which allows users to ‘understand their total risk exposure by quantifying that risk in actual dollar terms’. Financial aspects of the deal were not released.
By integrating LOGICnow MAX Remote Management and MAX Risk Intelligence LOGICnow will be able to offer a range of ‘new security capabilities’. In particular, it will offer companies automated vulnerability scanning that ‘prioritizes threat mitigation strategies based directly on business costs’.
“The iScan acquisition gives our customers a significant competitive advantage by equipping them with the ability to assess the risk to sensitive data, an organization’s most valuable asset,” said Walter Scott, CEO of LOGICnow. “As a full service IT Service Management company, with MAX Risk Intelligence, we now give businesses the broadest and most capable collection of detection, mitigation and management tools available to the market today.” The solution willalso enable customers meet HIPAA, PCI DSS and FINRA compliance requirements.
“It’s a fact that 87 percent of desktops and servers store unprotected personally identifiable information, and each day a compromised system goes undetected the cost of the breach increases,” added Billy Austin, former iScan President and newly appointed Vice President of Security, LOGICnow. “As an iScan Co-founder, I am thrilled to be joining LOGICnow to help drive this technology even further with the development of the strongest layered security stack in the market.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.