Avast sells remote managing arm to Barracuda

4th Feb 2019 07:28

(Sharecast News) - Cybersecurity provider Avast said it had sold its non-core remote monitoring and management (RMM) product Managed Workplace to Barracuda Networks for an undisclosed sum.Managed Workplace sells RMM services to Managed Service Providers. "Barracuda, which has a large existing MSP base but does not currently offer an RMM solution, provides a better long-term solution for this business," Avast said.In addition, Barracuda has signed a reseller agreement, and will resell Avast's business security solutions to MSPs.In the year ended 31 December 2018 the asset generated "low teen revenue with a materially lower margin profile than the Group. The proceeds of the sale will be used for general corporate purposes," the company said.