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Cybersecurity company BlueVoyant acquires Concanon

Cybersecurity company BlueVoyant has bought big data solutions consultancy firm Concanon to broaden its offerings to Splunk customers worldwide, allowing them to maximise their investments in the Splunk Cloud Platform.

With the acquisition, Concanon becomes a standalone but wholly owned subsidiary of BlueVoyant and will coordinate services through the parent company’s Modern SOC for Splunk Cloud Platform, which features managed detection and response capabilities, powered by BlueVoyant’s 24/7 cloud-based managed security operations centre (SOC).

The acquisition allows Concanon to leverage BlueVoyant’s technology and expertise, enabling it to expand its services to Splunk customers to optimise their investment and accelerate migration, BlueVoyant said.

Milan Patel, global head of managed security services at BlueVoyant, said the acquisition enables the company to provide end-to-end services to customers already in the Splunk Cloud Platform and to customers interested in migrating. These services include onboarding, ongoing maintenance and security monitoring, he added. 

As a digital-first organisation with offices worldwide, Concanon says it specialises in delivering a holistic suite of extensive Splunk professional services solutions, including consultation, implementation and customisation services. By layering BlueVoyant’s tailored MDR services onto its existing offerings, Concanon will be able to help organisations better secure mission-critical assets, Patel added.

“Our mission is to ensure that our customers can evolve insights by not only trusting in their data but ensuring that their data is secure,” Mike Cormier, MD and co-founder at Concanon, said. “We pride ourselves on helping customers solve tough business problems with innovative solutions by extracting the right data, implementing understandable processes to enhance and enrich that data, and having the right amount of time to make the best decisions possible. The marriage between BlueVoyant and Concanon will enable us to do that at scale.”

In support of the acquisition, BlueVoyant said it will receive $30m (£22.1m) in incremental funding from existing investors to strengthen its long-term strategic partnership with Splunk.