Forescout Technolgies, Inc., an automated cybersecurity organisation, announced that it has signed a definitive agreement to acquire Cysiv, a cybersecurity innovator that uses its cloud platform to improve detection and response of true threats. With this acquisition, Forescout Technologies will leverage Cysiv’s threat detection engine to analyze a wealth of asset and network communications data automatically collected by Forescout’s platform.
What will the transaction offer Forescout’s clients?
This comprehensive data across IT, IoT, OT and IoMT devices, as well as other essential data sources, enables better true threat detection and response so customers can operate more securely and efficiently. Upon the close of the acquisition, Cysiv will join Forescout.
“Firms need to be able to reduce billions of data points on networks to a handful of true threats. Together with Cysiv, Forescout will provide clients with a powerful platform for automated cybersecurity across their digital terrains,” said Wael Mohamed, CEO of Forescout.
“Upon close, the acquisition will help our customers leverage actionable threat intelligence from comprehensive data collected by Forescout and analyzed by Cysiv. We will receive far more than just great technology in this acquisition. The Cysiv team is exceptional, and our two organizations are highly complementary,” Wael Mohamed further commented.
Today, organizations are faced with the immense pressure to secure their networks. CIOs and CISOs have experienced rapid growth in the volume and diversity of managed and unmanaged devices, including IoT devices, that has given rise to increased risks and cybersecurity threats, coinciding with a drop in available cybersecurity resources.
What does Cysiv bring to Forescout’s portfolio?
With the rapid adoption of cloud, and a cloud-first mindset that’s been accelerated by the work-from-anywhere shift of the past two years, enterprises are concerned with managing threats to these fluid threat environments. This has resulted in firms not being able to effectively manage the detection, investigation, escalation and response of true threats, as the threat landscape and unmanaged device landscape have become more complex.
Existing solutions for threat detection and response, such as EDR, require the use of agents on managed devices. This means that organizations dependent on an agent-based approach for threat detection and response are not able to look for threats coming from the majority of their connected devices, particularly critical assets like internet of things, IoMT and OT.
“We have always been on a mission to provide better threat detection and faster response. After successfully partnering together for the last year, we are thrilled to join Forescout as we continue on the next stage of our journey. The combination of Forescout and Cysiv will provide organizations with best-in-class threat detection together with automated incident prioritization and automated response,” said Partha Panda, CEO and co-founder of Cysiv.
For over a decade, Forescout’s ability to deeply integrate into the fabric of customers’ networks has enabled it to collect real-time data for all connected assets and users, together with the communications among those assets and users. Customers have been asking Forescout to leverage this comprehensive data to provide greater insight into threats for all types of assets and to enable faster, more automated response and remediation.
The acquisition is expected to close in July, 2022, subject to the satisfaction of closing conditions and receipt of regulatory approvals and comes on the heels of its acquisition of CyberMDX which strengthens Forescout’s IT, IoT and OT coverage with IoMT expertise.