Comcast has announced the acquisition of BluVector, a company making use of advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.
With the help of a proprietary machine-learning engine, BluVector detects, analyses, and contains a wide range of sophisticated cyber-threats including “fileless malware,” zero-day malware and ransomware. Both companies will work together to grow BluVector’s existing business and will also collaborate on the development of new cybersecurity technologies.
BluVector announced that Eric Malawer, a veteran leader with over two decades of experience in data analytics, artificial intelligence (AI), national intelligence and digital security, has been named CEO of BluVector and will lead the company as it grows its business as part of Comcast.
Prior to this, Malawer had served as cybersecurity staff director for the House Committee on Homeland Security and has also launched three AI and security companies. BluVector’s founding CEO Kris Lovejoy, who resigned to assume another role, will continue to serve as an advisor and consultant to BluVector and Comcast. Noopur Davis, chief information security officer at Comcast, will lead the process of identifying opportunities to leverage the companies’ combined technology and expertise to support new products and initiatives.
BluVector has won a various cybersecurity industry awards and recognition for its innovation and unique technological approach.
Elsewhere, another AI-powered company is ready to enter into a definitive agreement for acquisition. Juniper Networks, an industry leader in automated, scalable and secure networks, has entered into a definitive agreement to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by AI. The deal will develop Juniper’s enterprise networking portfolio by combining Mist’s next-generation Wireless LAN (WLAN) platform with Juniper’s best-in-class wired LAN, SD-WAN and security solutions to deliver incomparable end-to-end user and IT experiences. Under the terms of the agreement, the acquisition will take place for aggregate consideration of $405 million, subject to adjustment, payable in cash and the assumption of outstanding equity awards.
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