SnapAttack Frees Up Time and Resources By Working with Kruze
Industry: Cybersecurity
Services Provided by Kruze: Accounting Services, Financial Planning and Guidance, Tax Advisory, Acquisition Support
BACKGROUND
SnapAttack is a cybersecurity leader dedicated to providing innovative solutions that enhance threat-hunting and detection capabilities for customers globally. With a focus on commercial, international, and government customers, SnapAttack has a global footprint that drives superior security outcomes for its customers. SnapAttack partners with major security information and event management (SIEM) and endpoint detection and response (EDR) vendors to help customers enhance their security and optimize their tooling to improve their security posture.
During its three-year journey as a VC-backed startup, SnapAttack used AI and machine learning to analyze its clients’ ability to detect cyber threats and make recommendations to help organizations develop effective detection strategies and stay ahead of threats.
CHALLENGES
SnapAttack relied on another outsourced accounting firm before working with Kruze Consulting, but had issues with their service model.
“Our previous firm was too ad-hoc in handling our accounting,” said Chief Operating Officer Clayton Barlow-Wilcox. “Their costs were increasing since they didn’t have a formal approach, and they required too much of our input to close the books each month and handle other financial duties. It was becoming an expensive drain on resources.”
"We found Kruze through some helpful videos on core financial topics that have been posted at kruzeconsulting.com, ... The information was very accessible and included good guidance, so we figured we’d try them out."
Kruze proved to be a better fit for SnapAttack
Results
“Kruze applied a more rigorous, repeatable, and timely approach to our accounting at a better cost,” Barlow-Wilcox said. “We get all we need at a basic level, since we’re still a small but growing startup. Then, as needed, we can plug into the Kruze team for additional assistance. This helps keep costs down, but allows us to pull key experts into specific situations, and that balance has been a great differentiator for us.”
"Our leadership team was able to focus more time on core capabilities, like capturing new business, onboarding new customers, and delivering on our mission, which is to make companies safer by helping them improve their threat detection and response capabilities."
Barlow-Wilcox noted some of the advantages for SnapAttack of working with Kruze included:
- Timeliness in reporting. Financial reports are delivered on time and communications are consistent throughout the process.
- Saving time on accounting and overall financial planning. SnapAttack’s involvement in accounting and financial functions has been minimal beyond the onboarding phase, allowing management to focus on the key efforts of growing the business.
- Access to tax experts for other needs on-demand. The ability to depend on Kruze for tax expertise, virtual CFO assistance, and overall financial guidance has been key to helping prepare and plan for day-to-day operations and future funding efforts.
Working with Kruze helped SnapAttack’s growth
SnapAttack consulted the Kruze tax team for information about tax credits, Form 1099 non-employment income, and other tax issues that startups encounter. “The tax advisory team was accessible, helpful, and very communicative,” Barlow-Wilcox said.
SNAPATTACK ACQUIRED BY CISCO
In January 2025, SnapAttack was acquired by Cisco, to take advantage of SnapAttack’s threat detection and engineering technology, to help Cisco accelerate its organic threat detection content and engineering roadmap.
SnapAttack acquired by
Cisco
Kruze was a key partner as part of our company’s acquisition, with folks across the team supporting last-minute requests and late nights when needed.
The consistency of their communication and approach throughout our company’s journey made everyone’s job easier as we moved into the transition process. We appreciated their support throughout the process and Kruze will be our first call when starting another company.
Clayton Barlow-Wilcox
Chief Operating Officer
Kruze Cares More
Kruze Consulting specializes in startup accounting, relying on experienced accounting, tax, and finance professionals, using best-in-breed financial tools and systems. Kruze empowers founders to focus on their core businesses while having confidence in accurate books, financial statements, and compliance readiness for fundraising or exits. For more information about Kruze Consulting, call (415) 322-1610 or contact us.
