Verizon acquires Niddel
Digital security is one of the many fields where machine learning will have a noticeable impact in the years to come, so it is not surprising to see Verizon taking the steps needed to enforce its position in this field. Its latest corporate acquisition is Niddel, a company that was founded in 2014 and currently provides a software solution called Magnet that uses machine learning to improve the detection rate and response speed when hunting threats.
"Verizon is the perfect partner to accelerate our long-term vision of delivering automation and intelligence solutions through machine learning to more organizations throughout the world," said Niddel's CEO Felipe Boucas. On the other hand, Verizon's executive director for security services Alexander Schlager revealed the company's plans for the Magnet software, saying that this automated solution will be integrated "into the already robust set of managed security services offered by Verizon." However, he did not mention when is this going to happen or what is going to happen with the Niddel brand.
The financial terms of the deal have not been disclosed, as it usually happens in such cases. Remains to see if this acquisition will have any impact on Verizon's services for home users anytime soon or not. Anyway, this is quite an interesting move by the US company headquartered in New York City.