Qualys to acquire certain assets of NetWatcher
Qualys announced that it has entered into an asset purchase agreement with NetWatcher, pursuant to which Qualys will acquire certain assets of NetWatcher in a cash transaction. This asset purchase provides significant domain expertise in building and delivering cybersecurity and real-time threat intelligence offerings. The NetWatcher service is expected to be fully integrated into the Qualys Cloud Platform in the next twelve months. The acquisition will incorporate NetWatcher's team into Qualys, including CEO Scott Suhy who is appointed Vice President of Strategic Alliances and Business Development for Qualys. Kenneth Shelton, CTO and founder of NetWatcher, will become Vice President of Engineering, Real-time Threat Correlation Platform at Qualys. Additionally, Qualys will continue to support existing NetWatcher customers and partners and sell its offerings and solutions worldwide. The asset acquisition is not material to Qualys financials.