ServiceNow has acquired cybersecurity startup BrightPoint Security as it looks to expand its own portfolio of cloud security offerings. Exact terms of the all-cash deal were not disclosed, however ServiceNow said it will reveal more details of the transaction in its next quarterly financial report.
Founded in 2011 by a former CSO of Merrill Lynch, BrightPoint offers businesses a distributed analytics approach to cybersecurity prevention and detection. Its sales pitch is that it can help customers understand the level of an attack and how to act against it.
The San Mateo, California-based startup used to be known as Vorstack until it changed its name about a year ago.
As for ServiceNow, the IT management services company intends to use BrightPoint to bolster the security operations platform it released in February. ServiceNow said BrightPoint's technology will enable the platform to offer users "controlled information sharing to rapidly prioritize and better remediate threats."
"This acquisition strengthens ServiceNow's commitment to closing the gap between IT operations and security," said Sean Convery, VP and GM of Security for ServiceNow. "BrightPoint will further differentiate the connected experience that ServiceNow users have across security processes and teams."
The acquisition continues an already busy M&A season in Silicon Valley. In April, ServiceNow acquired cloud management software startup ITapp. With that deal, ServiceNow aimed to bolster its core platform with ITapp's cloud brokerage and IT service delivery features for public, private and hybrid clouds.
Then earlier this morning, cloud behemoth Salesforce announced plans to acquire Demandware for $2.8 billion in a deal designed to expand the firm's reach in the e-commerce market.