14 DAY TRIAL // UK-based IT security solutions provider Accumuli PLC has acquired Eqalis Limited for £1.9 million ($3.1 million / €2.3 million). Of this amount, £0.7 million ($1.15 million / €0.85 million) will be paid when the deal is completed, while the rest is payable over a period of three years.
Eqalis is an IT company that specializes in big data analytics solutions, being one of Splunk’s leading UK partners. Accumuli is confident that the acquisition will significantly enhance the company’s big data monitoring and analytics capabilities.
In addition to Splunk, Eqalis is also a partner of Puppet Labs, Prelert and AppDynamics. The company currently has 150 customers. Of these, 10% are common to Accumuli.
Eqalis has only 7 direct employees and 6 third-party consultants. Following the acquisition, it will move its location from Bracknell to Basingstoke, where Accumuli has its head office. All employees and executives will remain in place after the completion of the deal.
“Eqalis is a business which has excelled in the areas of Big Data Monitoring and Analytics. It has prospered through its very close relationship with Splunk, through the excellence, knowledge and expertise of its directors, trainers and consultants, and through the great results it has delivered for its customers,” said Accumuli Chief Executive Gavin Lyons.
“The key to successfully mitigating IT security threats, detecting incidents and responding to breaches is the ability to access and analyze large quantities of data in real time across a business’ entire IT estate. This level of intelligence and visibility enables business to prioritise actions, respond to incidents, improve processes and enhance controls.”
Earlier this year, Accumuli acquired EdgeSeven, a SIEM consultancy and product sale business.