M&A Deals That Reshaped The Channel: October 2016

6. Netsurion

Merger partner: Event Tracker

Head count: 50-200 employees

Annual revenue: Not disclosed

Purchase price: Not disclosed

Date of announcement: Oct. 13

Managed security service providers Netsurion and EventTracker merged, creating a combined company that will offer a broad suite of cybersecurity solutions for multilocation, highly distributed networks and security incident and event management (SIEM) solutions.

Under the terms of the agreement, Providence Strategic Growth (PSG), the equity affiliate of Providence Equity Partners and majority shareholder of Columbia, Md.-based Netsurion, has made an investment aimed at accelerating the growth of the combined company.

Fort Lauderdale, Fla.-based Netsurion and EventTracker will continue to operate as distinct brands and deliver their products and services in the same manner they have historically. Kevin Watson, CEO of Netsurion, will serve as CEO of the parent organization, and A.N. Ananth, CEO of EventTracker, will continue in his current capacity.