Netwrix acquires Concept Searching to expand data security offerings

This acquisition will help Netwrix customers adopt a data-centric security approach and focus on protecting their most valuable assets
Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments, announced today the acquisition of Concept Searching, a global leader in semantic metadata generation, auto-classification and taxonomy management software.

After a year of successful technology partnership, Netwrix acquired Concept Searching to enhance customers’ contextual awareness into sensitive structured and unstructured data, both on premises and in the cloud. This investment firmly positions Netwrix in the data-centric audit and protection market and offers organizations seeking solutions a real alternative — one with lower TCO, shorter time to value and significantly lower false positive rates. Together, Netwrix and Concept Searching deliver an integrated solution that will help organizations detect and mitigate data security threats in time to prevent real damage and slash compliance costs. Concept Searching will continue to support its existing customers and solutions.

Gartner advises end-user organizations to “identify the data security controls required to mitigate the risks and threats to each sensitive data type. Then, coordinate with each silo's management team and data owners to apply the controls consistently across all silos and applications.”1

The acquisition of Concept Searching is a natural next step for our organization, enabling us to provide our customers with the ability to discover the sensitive data in their environment, and understand who has access to it and who is actually accessing it. 
Steve Dickson, CEO of Netwrix
We are excited to join the Netwrix team and bring our expertise and technology to help address the increasingly critical cybersecurity requirements of organizations worldwide. Our flexible metadata framework will continue to resolve a wide range of issues in the management of unstructured content for new and existing clients. The ability to integrate this unique technology with Netwrix’s leading offering will enable us to deliver an unrivaled solution to our clients and partners as we expand our leadership into the data-centric audit and protection market. 
Martin Garland, President of Concept Searching
Terms of the transaction were not disclosed.