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Barracuda Buys RMM Solution From Avast Business in Bid for Managed Security Riches: Page 2 of 2

The deal, which includes a multi-year agreement by Barracuda to resell several Avast Business security solutions, immediately turns Barracuda into a player in the rapidly evolving market for managed services and managed security software. By Rich Freeman

Multiple vendors are currently building out managed services suites and rolling out managed security offerings. In the last year alone, for example, Kaseya Ltd. has expanded its family of MSP offerings through acquisitions of BDR vendor Unitrends Inc., security and compliance vendor RapidFire Tools, cloud-to-cloud backup vendor Spanning, and documentation vendor IT Glue.

Just over two months ago, ConnectWise unveiled ambitious plans of its own to assemble a comprehensive, interconnected ecosystem of affordably-priced security solutions, largely from third-party software makers, that MSPs can manage through ConnectWise’s portfolio of management products.

Two months before that, SolarWinds MSP launched the new SolarWinds Threat Monitoring Service Program, which connects users of its Threat Monitor threat detection, response, and reporting solution with authorized Threat Monitoring Service Providers capable of operating that system on an outsourced basis.

Three months further back, meanwhile, in June of last year, master MSP Continuum acquired managed endpoint detection and response vendor CARVIR and launched its Continuum Managed Security portfolio.

Managed services vendors aren’t the only ones eyeing the burgeoning managed services and managed security opportunities hungrily. Both Kaseya and Continuum are owned by private equity investors, as was SolarWinds MSP until its parent company’s IPO in October. Private equity firm Thoma Bravo, the former owner of SolarWinds, bought Barracuda roughly a year ago.

Datto Inc., another of today’s biggest names in managed services, doesn’t currently offer security products, though its BDR solutions can play a role in layered data protection strategies.

ChannelPro will have additional reporting on today’s Barracuda/Avast deal based on interviews with executives from both companies, next Monday.

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