Konica Minolta Acquires Depth Security; Move Uniquely Positions IT Services Division

Konica Minolta Business Solutions U.S.A., Inc., together with its IT Services division, All Covered, today announced the acquisition of Depth Security, a cybersecurity consulting company that enhances the already impressive and comprehensive security portfolio from All Covered. With cybersecurity attacks at an all-time high and mounting regulatory compliance, the acquisition comes at an opportune time. Building upon the acquisition of VioPoint, Inc. in 2018 (a security company specializing in intelligent cybersecurity), Depth Security is expected to substantially build market share as part of the All Covered security portfolio, specifically in the penetration testing segment, which is estimated to grow 14.9 percent CAGR1 by 2025.

“Continuing to invest in our security offering has become increasingly critical to help customers protect their data,” said Rick Taylor, president and CEO, Konica Minolta. “Adding Depth Security’s expertise to All Covered’s arsenal will accelerate our ability to keep clients’ data safe so they can focus on maintaining profitability as we continue to guide them on the path to digital transformation.”

Founded in 2006, Depth Security is a team of highly skilled information security engineers with decades of experience and proven case studies. The team specializes in providing visibility into threats facing infrastructure and operations, with network and application penetration testing and adversary emulation. This is accomplished by creatively simulating real-world attacks using the same tools and techniques as attackers to identify vulnerabilities. 

To counter this, the team also designs, builds and deploys next-level information security solutions. This includes Network Access Control, Advance Endpoint Protection, Endpoint Application Control, Endpoint Detection and Response, Vulnerability Management, Next Generation Firewall, Next Generation Threat Emulation and Extraction and Mobile Threat Prevention.

“At Depth Security, we have helped clients improve their cybersecurity postures through the discovery of critical security flaws within infrastructure and applications. We are currently faced with growing market demand for our security expertise,” said Gene Abramov, CEO, Depth Security. “Joining the All Covered team is a strategic opportunity to quickly scale-up and increase our market reach.”

The Depth Security team will round-out All Covered’s current defensive offering to include offensive capabilities to support market share growth. Following the acquisition of VioPoint, All Covered now has both Blue Team (Active Defense security monitoring, Vulnerability Management) and Red Team (Testing Services and advisory emulation) capabilities, along with best-in-class Managed Security Awareness Training, Threat Landscape and vCISO services.

“The acquisition represents an exciting point in the history of All Covered,” said Todd Croteau, president, All Covered. “IT security is increasingly a key priority for businesses and the talented team at Depth Security will significantly strengthen our security capabilities and resources to provide a truly holistic offering to help our clients defend against attacks and build a secure IT infrastructure.”

Featured

New Products

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.