Intel Capital and Teldat will exit the cybersecurity software provider in an acquisition by AT&T that is reportedly around the $600m mark.

Telecommunications firm AT&T agreed yesterday to purchase US-based cyber threat detection and response software provider AlienVault, enabling Intel Capital, the corporate venturing arm of semiconductor technology producer Intel, to exit.

Although the companies did not disclose the acquisition price, a person familiar with the matter told Axios that AT&T is paying in the “high $500 millions to low $600 millions” in cash.

Founded in Spain in 2007, AlienVault has built a cybersecurity software platform called Unified Security Management that utilises…