Forescout Announces Intention to Acquire Cysiv to Provide Data-Driven Threat Detection and Response
SAN JOSE, CA, June 6, 2022 – Forescout Technologies, Inc., the global leader in automated cybersecurity, today announced that it has signed a definitive agreement to acquire Cysiv, a cybersecurity innovator that uses its cloud-based platform to improve detection and response to real threats. With this acquisition, Forescout will leverage Cysiv’s threat detection engine to analyze a wealth of network asset and communications data automatically collected by Forescout’s platform. This comprehensive data across computing, IoT, OT, and IoMT devices, along with other critical data sources, enables better real-world threat detection and response so customers can operate more securely and efficiently. Upon closing of the acquisition, Cysiv will join Forescout.
“Companies need to be able to reduce the billions of data points on their networks to a handful of real, actionable threats – automatically. Together with Cysiv, Forescout will provide customers with the most powerful platform for automated cybersecurity on their digital grounds,” said Wael Mohamed, CEO of Forescout. “At closing, the acquisition will help our customers leverage actionable threat intelligence from comprehensive data collected by Forescout and analyzed by Cysiv. We will be getting more than cutting-edge technology in this acquisition. The Cysiv team is exceptional and our two organizations are very complementary.
Today, organizations face 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, which has led to an increase in cybersecurity risks and threats, coinciding with a decline in cybersecurity resources available. With rapid cloud adoption and a cloud-first mindset that has been accelerated by the shift to work from anywhere over the past two years, enterprises are particularly concerned about threat management in these fluid threat environments. This has prevented organizations from effectively managing the detection, investigation, escalation and response to real threats, especially 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 that rely on an agent-based approach to threat detection and response are unable to track threats from the majority of their connected devices, especially critical assets like IoT. , IoMT and OT.
For more than a decade, Forescout’s ability to embed itself deeply into the fabric of customer networks has enabled it to collect real-time data for all connected assets and users, as well as the communications between those assets and users. . Customers have asked Forescout to leverage this comprehensive data to provide better insight into threats for all asset types and to enable faster, more automated response and remediation.
“We have always been on a mission to provide better threat detection and faster response,” said Partha Panda, CEO and co-founder of Cysiv. “After successfully collaborating last year, we are excited to join Forescout as we continue the next step in our journey. The combination of Forescout and Cysiv will provide organizations with the best threat detection, along with automated prioritization incidents and automated response.
The acquisition is expected to close in July 2022, subject to the satisfaction of closing conditions and receipt of applicable regulatory approvals, and follows its acquisition of CyberMDX, which further strengthens coverage of computing, IoT and OT devices of Forescout with the IoMT. skill.
Forescout Technologies, Inc. delivers digital field cybersecurity automation, maintaining continuous alignment of customers’ security frameworks with their digital realities, including all types of assets. The Forescout Continuum Platform provides complete asset visibility, continuous compliance, network segmentation, and a solid foundation for Zero Trust. For more than 20 years, Fortune 100 organizations and government agencies have trusted Forescout to deliver automated cybersecurity at scale. Forescout provides customers with data-driven intelligence to accurately detect risk and quickly remediate cyber threats without disrupting critical business assets. www.forescout.com