MAVENIR FINALIZES THE 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.