Netwrix Expands its Endpoint Solution with Data Loss Prevention by Acquiring CoSoSys

Netwrix Expands Its Endpoint Solution with Data Loss Prevention by Acquiring CoSoSys

New addition to Netwrix portfolio protects data stored on employee workstations and laptops from accidental loss, unauthorized sharing and malicious exfiltration.

FRISCO, Texas, February 1, 2024 - Netwrix, a cybersecurity vendor that makes data security easy, today announced the acquisition of CoSoSys. Its product, Endpoint Protector, discovers and secures sensitive data, both in motion and at rest, on user workstations and laptops using content inspection, contextual scanning, and granular USB and peripheral control.

With this acquisition, Netwrix expands its endpoint offering to include data loss prevention (DLP). Endpoint Protector complements Netwrix’s modern data classification, access governance and endpoint management solutions, especially as related to the Identify and Protect functions of the NIST Cybersecurity Framework. As a result, organizations worldwide will be even better able to protect their critical data without sacrificing employee productivity. Terms of the transaction were not disclosed.

Netwrix customers will benefit from Endpoint Protector’s ability to protect sensitive data from unauthorized sharing and loss with functional parity across Windows, macOS and Linux endpoints. Netwrix customers will be able to reduce their attack surface by gaining insight into how their business-critical data is being shared, stored and processed on users’ endpoints.

At the same time, CoSoSys customers will be able to strengthen their security posture with Netwrix’s extensive product portfolio, which covers all five NIST functions. They will be able to identify and classify their sensitive data, prioritize their security efforts to protect what matters most, promptly detect and respond to suspicious activity, and recover faster from incidents.

“We are excited to strengthen our endpoint protection offering with DLP capabilities to further help organizations avoid the operational disruption, financial loss and reputational damage that results from data leakage. We are delighted to welcome CoSoSys to the Netwrix team, where together we will continue empowering customers to ensure their data is more secure tomorrow than it is today,” said Steve Dickson, CEO of Netwrix.

“The new reality of hybrid and remote work has extended the attack surface and increased the risk of data exfiltration. Proper control over endpoints has become even more crucial. To better address this complex data security challenge, we are thrilled to unite Endpoint Protector with the Netwrix product portfolio,” said Kevin Gallagher, CEO of CoSoSys.

“Complementary offerings that add value to customers are at the heart of any good acquisition,” said Joanne Yuan, Partner at private equity fund Turn/River, a strategic investor of CoSoSys. “After several years collaborating side by side with the CoSoSys team to accelerate growth, we are thrilled to see them embark on their next chapter with Netwrix. CoSoSys’s deep expertise in data loss prevention will be a strong addition to Netwrix’s endpoint offering.”

Learn more about Netwrix Endpoint Protector by visiting the product page.

About Netwrix

Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

For more information, visit www.netwrix.com.

CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com