What’s the news?
AT&T* announces an agreement to create a standalone managed cybersecurity services business, and a capital investment in that business from WillJam Ventures, a Chicago-based investor with deep cybersecurity industry and leadership experience. At close, the new cybersecurity joint venture will hold select security software solutions, associated managed security operations and security consulting resources. AT&T will retain an ownership stake and board representation in the new entity.
This arrangement will enable AT&T to continue offering Managed Security Services, while simultaneously focusing on enhanced network-based security capabilities.
Why is this important?
Security starts in the network. AT&T is building more security capabilities into its core network and edges. These security services will be ‘built-in’ to our connectivity products, which will create a new category of network-embedded security for small and medium sized business customers. AT&T is currently undergoing controlled introductions for these new products and will have more to share with the market soon.
By bringing together network-embedded security and global managed security service provider (MSSP) capabilities, business customers will have stronger protections and security postures end to end.
This new arrangement helps our customers stay one step ahead of evolving cyber threats. It also allows both entities to foster and accelerate innovation in the cybersecurity space for a broad range of customers around the world.
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