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Netwrix acquires Concept Searching to expand data security offerings
Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments, announced today the acquisition of Concept Searching, a global leader in semantic metadata generation, auto-classification and taxonomy management software.
After a year of successful technology partnership, Netwrix acquired Concept Searching to enhance customers’ contextual awareness into sensitive structured and unstructured data, both on premises and in the cloud. This investment firmly positions Netwrix in the data-centric audit and protection market and offers organizations seeking solutions a real alternative — one with lower TCO, shorter time to value and significantly lower false positive rates. Together, Netwrix and Concept Searching deliver an integrated solution that will help organizations detect and mitigate data security threats in time to prevent real damage and slash compliance costs. Concept Searching will continue to support its existing customers and solutions.
Gartner advises end-user organizations to “identify the data security controls required to mitigate the risks and threats to each sensitive data type. Then, coordinate with each silo's management team and data owners to apply the controls consistently across all silos and applications.”1
The acquisition of Concept Searching is a natural next step for our organization, enabling us to provide our customers with the ability to discover the sensitive data in their environment, and understand who has access to it and who is actually accessing it.
Steve Dickson, CEO of Netwrix
We are excited to join the Netwrix team and bring our expertise and technology to help address the increasingly critical cybersecurity requirements of organizations worldwide. Our flexible metadata framework will continue to resolve a wide range of issues in the management of unstructured content for new and existing clients. The ability to integrate this unique technology with Netwrix’s leading offering will enable us to deliver an unrivaled solution to our clients and partners as we expand our leadership into the data-centric audit and protection market.
Martin Garland, President of Concept Searching
Terms of the transaction were not disclosed.
For more information on the acquisition, visit our FAQ page here: https://www.netwrix.com/faq_concept_searching.html
For more information on Netwrix Auditor Discovery and Classification, visit our new release page here: https://www.netwrix.com/data_discovery_and_classification.html
1 Gartner, Market Insight: The Future of Data Security, October 2017, refreshed December 2018
About Concept Searching
Concept Searching is the industry leader in semantic metadata generation, auto-classification, and taxonomy management. It has a Microsoft Gold Application Development competency and offers a complete suite of platform-agnostic content analytics, insight and discovery solutions that address the entire portfolio of unstructured information assets in on-premises, cloud or hybrid environments. The intelligent, metadata-enabled solutions improve search, records management, identification and protection of sensitive data, content optimization, migration, text mining, and eDiscovery. Concept Searching is headquartered in the U.S with offices in the UK, Canada and South Africa.
For more information about Concept Searching’s solutions and technologies, visit www.conceptsearching.com.
Netwrix is a software company that enables information security and governance professionals to reclaim control over sensitive, regulated and business-critical data, regardless of where it resides. Over 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.
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Erin Jones, Avista PR for Netwrix
Phone: 704 - 664 - 2170