Day: July 12, 2018
AT&T Inc said on Tuesday that it has agreed to buy privately held Silicon Valley-based startup AlienVault, allowing the telecommunications giant to expand its line of cybersecurity products targeted at small and medium businesses. The companies did not disclose the value of the deal, which they said they expect to close in the third quarter. AT&T is buying AlienVault as large telecommunications and technology companies including Cisco Systems Inc, International Business Machines Corp and Verizon Communications Inc expand sales of cybersecurity products, among the fastest growing segments of the technology industry. Business Insider I did not think AlienVault was worth that kind of money.