“Solutions Granted’s understanding of the critical nature of MSPs/MSSPs operations has helped us create an integrated approach for end-to-end managed threat protection that enables customers to navigate the turbulent Cybersecurity landscape with confidence and resilience. Today’s MSPs and MSSPs increasingly need a platform of managed security solutions rather than point solutions. The combination of SonicWall and Solutions Granted delivers services specifically designed for today’s partners – giving them a distinct competitive edge.” – Michael Crean, Founder & CEO, Solutions Granted
“IT teams have turned to MDR and other managed services to identify and triage digital threats – it’s a critical need we are now excited to offer. Together, SonicWall and Solutions Granted will empower Cybersecurity and technology service providers with economical threat defense solutions and extend a world-class, comprehensive portfolio that streamlines managing security across customer environments with automated threat detection and response services.” – Bob VanKirk, President & CEO, SonicWall
Overview of Transaction
- On November 15th, 2023, Solutions Granted, a top Managed Security Service Provider (MSSP), delivering world-class Cybersecurity solutions to hundreds of Managed Service Providers (MSPs), was acquired by SonicWall, a leading Cybersecurity company defending SMBs, enterprises & governments worldwide and backed by Francisco Partners
- Solutions Granted is a master MSSP providing comprehensive cybersecurity solutions to MSPs and MSSPs across North America, offering 24x7 U.S.-based Security Operations Center (SOC) services, Managed Detection and Response (MDR), vulnerability management, network security, and identity and access management
- The acquisition marks SonicWall's first major acquisition in over a decade and represents a strategic expansion into managed security services driven by overwhelming partner demand
- Solutions Granted was founded in 2001, became a SonicWall partner in 2005, and has won numerous industry awards including CRN Security 100 (2019-2023), Top 100 MSSP List, and Top Global MSSP List
- All Solutions Granted employees (38 people) joined SonicWall, with founder and CEO Michael Crean becoming Executive Vice President of SonicWall's newly created Managed Security Services division, reporting directly to CEO Bob VanKirk
- Solutions Granted maintained its multi-vendor approach, continuing to support endpoint security products from competing vendors including Microsoft Defender, CrowdStrike, SentinelOne, and others alongside SonicWall's Capture Client
Significance of Transaction
- Developing a unified Cybersecurity platform:SonicWall & Solutions Granted will combine their strengths to create a seamless platform that meets the evolving needs of service providers
- Harnessing the power of superior threat intelligence:By leveraging cutting-edge threat intelligence, Solutions Granted & SonicWall will continue to innovate and deliver advanced defense capabilities
- Empowering their partners: Today's Cybersecurity partners need highly automated solutions to quickly identify and respond to new threats across the entire customer environment – including network, endpoints, servers, and cloud. This combined offering will also leverage the latest in AI to provide a differentiated, effective, and highly proficient service
- The acquisition directly addresses critical market challenges including cybersecurity skill gaps, talent shortages, and alert fatigue facing MSPs and their SMB clients
- By the end of 2023, an estimated 41% of SMB cybersecurity spend was allocated to managed service and system integrators, up from 35% in 2020, reflecting the urgent need for these capabilities
- The transaction reinforces SonicWall's "outside-in" approach and SecureFirst Partner Program, providing MSPs with best-of-suite solutions that accelerate partner growth
- Solutions Granted's proven business model – offering services with no minimums, no annual contracts, and support for partners of all sizes – aligns perfectly with SonicWall's channel-first philosophy
- SonicWall planned to expand beyond the U.S.-based SOC to launch a Europe-based SOC within months of the acquisition, with further expansion into Asia-Pacific and Latin America markets
Momentum Cyber's Role
- Momentum Cyber served as exclusive financial & strategic advisor to Solutions Granted
- This transaction demonstrates Momentum Cyber's deep domain expertise in cybersecurity M&A and managed security services, along with its proven track record advising leading cybersecurity technology companies
- The successful outcome reflects Momentum Cyber's understanding of the MSSP market dynamics and ability to identify strategic acquirers seeking to expand their managed security capabilities and strengthen their channel partner ecosystems
If you’re navigating a critical inflection point in cybersecurity growth, M&A, or capital strategy, Momentum Cyber brings unmatched sector expertise and senior-level advisory to every engagement. Let us advise you today and help you maximize value with confidence in an increasingly complex cyber landscape.