Cybersecurity M&A: Magnet Forensics Acquires Incident Response Startup Comae Technologies

Cybersecurity M&A: Magnet Forensics Acquires Incident Response Startup Comae Technologies

Electronic investigation answers provider Magnet Forensics has bought the strategic IP assets of Comae Technologies, a cybersecurity startup that specializes in incident response and memory assessment.

This is technologies M&A offer selection 441 that MSSP Warn and sister web-site ChannelE2E have lined so far in 2022.

Magnet will use Comae’s technologies to acquire a memory assessment platform, the consumer claimed. In addition, Comae founder Matt Suiche will guide a memory investigation and incident reaction exploration and advancement staff at Magnet.

What Is Comae Systems?

Comae supplies a “memory-focused investigation platform” that allows organizations diagnose cyberattacks, the enterprise indicated. It leverages memory assessment to answer to enable businesses discover compromised equipment in cyberattacks and execute digital investigations.

With Comae’s system, stability analysts can get better evidence from the memory of units, the firm indicated. They can use this proof to assess malware variants.

Also, police companies can use Comae’s platform in cybercrime investigations, the business stated. The platform offers these companies the skill to get better proof from gadgets involved in cybercrimes and use it to take a look at how assaults ended up released, who was involved and other relevant details.

Comae will offer a beta plan for its system as a result of the Magnet Plan Lab, an incubator that is composed of hundreds of investigators and analysts from police agencies and enterprises. A start day for the program has not nevertheless been introduced.

Magnet’s Fiscal General performance

The Comae acquisition comes right after Magnet reported $19.8 million in profits in the very first quarter of 2022, which represented a 35 percent yr-over-calendar year boost. Nevertheless, Magnet also recorded a internet money loss of $900,000 all through the quarter this marks the next consecutive quarter in which the enterprise reported a web income loss.

Magnet delivers digital investigation software program that companies can use to receive, evaluate, report on and take care of proof from desktops, cell equipment and other resources. Around 4,000 general public and non-public sector businesses throughout additional than 100 international locations use Magnet’s software.