Germany-based retail giant Schwarz Group this week announced the acquisition of security posture management company XM Cyber for $700 million.
Schwarz Group, known for brands such as Lidl and Kaufland, is the world’s fourth-largest retailer. Last year, it announced launching a cloud computing service for third-party retailers.
With the acquisition of Israel-based XM Cyber, the Schwarz Group wants to expand its cybersecurity portfolio.
The XM Cyber brand will remain and the company will continue to operate independently, but says the acquisition by the Schwarz Group will help it grow.
XM Cyber’s offering includes attack simulation, vulnerability management, cloud security posture management, and security posture visibility. The goal is to help organizations identify and address exploitable vulnerabilities, configuration issues, and other weaknesses that can be leveraged by malicious actors to breach their systems.
“XM Cyber brings deep technical understanding and innovation that perfectly complements our portfolio for advanced cybersecurity services,” said Christian Müller, CIO of Schwarz Group. “Finding and closing security gaps from an attacker’s perspective is a disruptive approach to the way organizations can proactively protect their networks. XM Cyber’s solution builds on our strong IT security to further protect our customers, partners, and ourselves as a company.”
Related: Cybersecurity M&A Roundup: 41 Deals Announced in October 2021
Related: TransUnion Acquires Identity Security Company Sontiq for $638 Million
Related: OpenText Acquires Email Security Firm Zix for $860 Million
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- Zyxel Firewalls Hacked by Mirai Botnet
- New Russia-Linked CosmicEnergy ICS Malware Could Disrupt Electric Grids
- Drop in Insider Breaches Drives Decline in Intrusions at OT Organizations
- Zero-Day Vulnerability Exploited to Hack Barracuda Email Security Gateway Appliances
- OAuth Vulnerabilities in Widely Used Expo Framework Allowed Account Takeovers
- New Honeywell OT Cybersecurity Solution Helps Identify Vulnerabilities, Threats
- Rheinmetall Says Military Business Not Impacted by Ransomware Attack
- Dish Ransomware Attack Impacted Nearly 300,000 People
Latest News
- Organizations Worldwide Targeted in Rapidly Evolving Buhti Ransomware Operation
- Google Cloud Users Can Now Automate TLS Certificate Lifecycle
- Zyxel Firewalls Hacked by Mirai Botnet
- Watch Now: Threat Detection and Incident Response Virtual Summit
- NCC Group Releases Open Source Tools for Developers, Pentesters
- Memcyco Raises $10 Million in Seed Funding to Prevent Website Impersonation
- New Russia-Linked CosmicEnergy ICS Malware Could Disrupt Electric Grids
- Security Pros: Before You Do Anything, Understand Your Threat Landscape

