Konica Minolta Business Solutions U.S.A., Inc., together with its IT Services division, All Covered, announced the acquisition of Depth Security, a cybersecurity consulting company that enhances the already existing security portfolio from All Covered.
With cybersecurity attacks at an all-time high and mounting regulatory compliance, the acquisition comes at an opportune time, Konica Minolta said. Building upon the acquisition of VioPoint, Inc. in 2018 (a security company specialising in intelligent cybersecurity), Depth Security is expected to substantially build market share as part of the All Covered security portfolio, specifically in the penetration testing segment, which is estimated to grow 14.9% CAGR1 by 2025.
“Continuing to invest in our security offering has become increasingly critical to help customers protect their data,” said Rick Taylor, President and CEO, Konica Minolta. “Adding Depth Security’s expertise to All Covered’s arsenal will accelerate our ability to keep clients’ data safe so they can focus on maintaining profitability as we continue to guide them on the path to digital transformation.”
Founded in 2006, Depth Security is a team of highly skilled information security engineers with decades of experience and proven case studies. The team specialises in providing visibility into threats facing infrastructure and operations, with network and application penetration testing and adversary emulation. This is accomplished by creatively simulating real-world attacks using the same tools and techniques as attackers to identify vulnerabilities.
To counter this, the team also designs, builds and deploys next-level information security solutions. This includes Network Access Control, Advance Endpoint Protection, Endpoint Application Control, Endpoint Detection and Response, Vulnerability Management, Next Generation Firewall, Next Generation Threat Emulation and Extraction and Mobile Threat Prevention.
“At Depth Security, we have helped clients improve their cybersecurity postures through the discovery of critical security flaws within infrastructure and applications. We are currently faced with growing market demand for our security expertise,” said Gene Abramov, CEO, Depth Security. “Joining the All Covered team is a strategic opportunity to quickly scale-up and increase our market reach.”
Konica Minolta explained that the Depth Security team will round-out All Covered’s current defensive offering to include offensive capabilities to support market share growth. Following the acquisition of VioPoint, All Covered now has both Blue Team (Active Defense security monitoring, Vulnerability Management) and Red Team (Testing Services and Adversary emulation) capabilities, along with best-in-class Managed Security Awareness Training, Threat Landscape and vCISO services.
“The acquisition represents an exciting point in the history of All Covered,” said Todd Croteau, President, All Covered. “IT security is increasingly a key priority for businesses and the talented team at Depth Security will significantly strengthen our security capabilities and resources to provide a truly holistic offering to help our clients defend against attacks and build a secure IT infrastructure.”
