ServiceNow Acquires BrightPoint Security

ServiceNow Acquires BrightPoint Security

Acquisition Accelerates ServiceNow Investment in Security Response

SANTA CLARA, Calif. – June 1, 2016 – ServiceNow (NYSE: NOW), the enterprise cloud company, today announced it has agreed to acquire BrightPoint Security in an all‑cash transaction expected to close this month. With this acquisition, ServiceNow continues to expand itsSecurity Operations offering, enabling customers to more quickly identify and respond to relevant threats.

According to a study by the Enterprise Strategy Group (ESG), 93% of security executives surveyed said their response process is hindered by manual and informal processes.

To address this, ServiceNow launched Security Operations in February. The company intends to amplify the value of this cloud application by adding BrightPoint Security capabilities in a future release. The BrightPoint addition will help firms gain secure and controlled information sharing to rapidly prioritize and better remediate threats.

“This acquisition strengthens ServiceNow’s commitment to closing the gap between IT operations and security,” said Sean Convery, vice president and general manager of Security, ServiceNow. “BrightPoint will further differentiate the connected experience that ServiceNow users have across security processes and teams.”

“ServiceNow has spent a decade building the industry’s most advanced cloud platform for orchestration and workflow that now excels at responding to security incidents and vulnerabilities,” said Anne Bonaparte, president and CEO of BrightPoint Security. “Joining forces with ServiceNow will allow BrightPoint and our customers to realize our founding vision of delivering a closed‑loop workflow for security response.”

More details about the acquisition will be shared in conjunction with the ServiceNow second quarter financial results announcement.

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