CounterTack Makes Play As Competition in Endpoint Security Heats Up
Major cybersecurity breaches are back in the news and so are the companies trying to protect against them.
One of those companies is Waltham, MA-based CounterTack, which today announced it has acquired ManTech Cyber Solutions International, the software division of Virginia-based ManTech International (NASDAQ:MANT). Terms of the deal were not disclosed, and it might not be a conventional acquisition, as a release said ManTech has made an equity investment in CounterTack and will become a global distributor.
CounterTack is one of many security startups focusing on endpoint protection for enterprise customers. In June, CounterTack announced it raised a $15 million Series C round from investors including Goldman Sachs, Siemens Venture Partners, and TenEleven Ventures. That brought the total raised by the company to nearly $50 million.
CounterTack isn’t alone in its market, and earlier this week competitor CrowdStrike announced it had raised a $100 million Series C round led by Google Capital, Rackspace, and Accel Partners.
CounterTack was started in 2004 and moved its headquarters from Virginia to the Boston area in 2011.