Replies to post #86865 on Savvy Trades and Investments

[2morrowsGains]

WSTG...In The Pipeline...Another accretive acquisition and the Cloud Marketplace...
!!?!??!!!!

From yesterday's Sidoti conference...

Re: Acquisition..,

- "We're continuing to look for accretive acquisitions, as we go forward."

- "We have the appetite to do acquisitions, we have the board support to do acquisitions. And I think last year was a good test case for myself and Mike that you know, could we do this. Do we have the energy, and do we have the teams in place, and we can get the right, you know, both the consulting groups on both sides to make it work. So all those are lined up saying yes. Are there targets? There's many more targets probably outside of the US that will be perfect. I mean I would love to see more and more Interwork type companies but they've already been rolled up in North America. But you know, in Europe and other markets there's definitely targets that we will be looking at, and ARE LOOKING AT. So just have to keep your keep your eyes open on the moves we make."

Cloud Marketplace...

- "If you look, you'll see announcements coming out from us that will actually launch our cloud marketplace in the states in the next 30 days. And with that it's a lot of vendors. So the vendors want to get into a subscription based model like Microsoft has already done. They want to be on a platform and they want their distribution companies to be able to do that for them so that they can consolidate multiple lines to sell multiple technologies to solve multiple problems. You'll see that expand over the year, this year, and going both ways. We'll be sending product lines that can go on to CDS network and platform, and the same vice versa and we come back to the US. So judge us at the end of this year on how well we did with that. And I'll talk more about that in the in the quarters to come."
https://sidoti.zoom.us/webinar/register/WN_hVyI93JDRbGXmOB68LkoUw

[2morrowsGains]

WSTG..."Security is the one category that really sticks out. Security makes up over half of our business. OUR BIGGEST PLAYER BY A WIDE MARGIN IN SECURITY IS SOPHOS."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156943700

Sophos acquires Braintrace to supercharge its threat detection capabilities
July 22, 2021

Thoma Bravo-owned Sophos has announced it’s acquiring Braintrace, a cybersecurity startup that provides organizations visibility into suspicious network traffic patterns. Terms of the deal were not disclosed.

Braintrace, which was founded in 2016 and has raised $10 million in funding, has developed a network detection and response (NDR) solution that helps organizations to easily inspect network traffic to identify and filter out suspicious activity. It does this using remote network packet capture (RNCAP) technology, which provides visibility into network traffic patterns, including encrypted traffic, without the need for man-in-the-middle decryption. It also provides visibility into cloud network traffic, a task that typically needs to be carried out on-site, and supports all of the major cloud providers, including AWS and Microsoft Azure.

The deal will see Sophos integrate Braintrace’s NDR technology into its own adaptive cybersecurity ecosystem, which underpins all of its security products and services. The technology will also help Sophos collect data from firewalls, proxies and VPNs, allowing it to look for network traffic that contains instructions for malware like TrickBot, and attackers that misuse Cobalt Strike, as well as pre-empting other malicious traffic that might lead to ransomware attacks.

Braintrace’s developers, data scientists and security analysts have joined its global Sophos’ managed threat response (MTR) and rapid response teams as part of the deal.

Commenting on the deal, which Sophos claims will make it one of the largest and fastest-growing managed detection and response (MDR) providers, the company’s CEO Joe Levy said: “We’re excited that Braintrace built this technology specifically to provide better security outcomes to their MDR customers. It’s hard to beat the effectiveness of solutions built by teams of skilled practitioners and developers to solve real-world cybersecurity problems.”

Bret Laughlin, co-founder and CEO of Braintrace, added: “We built Braintrace’s NDR technology from the ground up for detection and now, with Sophos, it will fit into a complete system to provide cross-product detection and response across a multi-vendor ecosystem.”

The deal comes a little over a year after Thoma Bravo completed its $3.9 billion takeover of Sophos, and sees the private equity firm further increasing its reach in the cybersecurity space. It acquired security vendor Proofpoint for $12.3 billion back in April, and recently led a $225 million funding round in zero trust unicorn Illumio.
https://techcrunch.com/2021/07/22/sophos-acquires-braintrace-to-supercharge-its-threat-detection-capabilities/

[2morrowsGains]

WSTG...Today was a good day to add (IMO)...With earnings due out sometime after tomorrow's close and the open on Thurs, thought the $25's was a good opportunity.
Looking forward to earnings and the cc.