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Synopsis
Coalition, a provider of active insurance, designed to prevent digital risk before it strikes, completed the acquisition of Wirespeed, a provider of managed detection and response services, offered through a cybersecurity platform built to triage threat detections in milliseconds. Financial terms were not disclosed. “The acquisition of Wirespeed represents the next phase of Coalition’s mission to protect the unprotected. By combining fully automated, rapid managed detection & response with our Active Insurance platform, we’re bringing best-in-class cyber protection to organizations of every size, and as a cybersecurity provider whose incentives are directly aligned with our customers in preventing losses, we’re setting a new standard for digital risk prevention,” Joshua Motta, Coalition CEO and Co-Founder.
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