Cybersecurity vendor Netwrix has announced a merger with Stealthbits to broaden product capabilities and improve user experience. The two companies, however, didn’t disclose the terms of the transaction.
With over 500 employees and customers from more than 50 countries, the combined company will operate as Netwrix with Steve Dickson continuing to serve as its chief executive officer and on the company’s Board of Directors.
Steve Cochran, founder and chairman of Stealthbits, will be an investor in Netwrix and will serve on its Board of Directors.
According to the company, the combined organization will offer seven core products spanning all elements of data and information security, invest in innovation to exceed the expectations of existing customers and partners, and expand its customer base globally.
For the foreseeable future, customers, prospects and partners of each company will continue to interact with each company as they do today for sales, support and partner activity.
Both Netwrix and Stealthbits will be informing their customers, prospects and partners of operational changes through this process over the coming months.