Mavenir finalizes purchase of Argyle Data
Mavenir announced it completed its acquisition of computer security services company Argyle Data in a move to enhance its machine learning security suite. Financial details of the purchase were not disclosed.
Argyle Data is a provider of big data analytics applications, which takes a machine learning based approach to recognizing abnormalities in network traffic. With 5G wireless and the internet of things (IoT) reshaping network traffic, machine learning is being leveraged to uncover traffic patterns and discern fraud. According to a report published by Research and Markets, the global fraud detection and prevention (FDP) solutions market is expected to reach $42.6 billion by 2023, rising at a market growth of 19.6% CAGR during the forecast period.
Although machine learning algorithms have been around for a while, using them as a tool to learn from big data is a fairly recent development. Argyle Data said the company’s technology uses machine learning to analyze terabytes of various data streams and protocols per second in real time. What makes Argyle’s technology unique, according to the company, is it uses both supervised and unsupervised machine learning with features set to increase accuracy and decrease the likelihood of false positives.
“Unlike mobile devices like phones and tablets, IoT have little or no built in protection as security has not been a top priority in development, yet they are connected to mobile networks,” said Pardeep Kohli, president and CEO of Mavenir. “The addition of the Argyle team and its platform enhances Mavenir’s existing 5G, security and signaling machine learning suite to offer next generation revenue protection for mobile network operators and their subscribers.”
“Only machine learning algorithms built to enable artificial intelligence systems are capable with these growing numbers of devices, to detect zero-day vulnerabilities in mobile networks, preventing increased financial risks,” Kohli added.
Mavenir’s cloud-native security suite encompasses messaging spam and fraud control, equipment Identity register (EIR), signaling firewall, session border Controller (vSBC) and mobile edge gateway. The company said the security suite covers protection of the core mobile network, including communication services enabled by modern communication service providers (CSPs).
