ZeroFOX Acquires Managed Threat Intelligence Provider Cyveillance
ZeroFOX, back by Intel Capital, has acquired managed threat intelligence security provider Cyveillance from LookingGlass Cyber Solutions, the companies confirmed today. Financial terms were not disclosed.
This is M&A deal 407 that MSSP Alert and ChannelE2E have covered so far in 2020. See the full M&A deal list here.
LookingGlass purchased Cyveillance in December 2015 for $35 million, and then relaunched the brand in May 2020. Cyveillance capabilities, according to a company statement today, include:
- digital risk protection managed services;
- a data lake/repository of cyber threat intelligence and threat actor information with more than 20 years of information;
- a digital intelligence library of actionable and relevant finished intelligence based on primary threat research and a proprietary intelligence data lake; and
- investigation, analysis and response services.
ZeroFOX Security Business Focus
New parent ZeroFOX owns an artificial intelligence-powered Digital Risk Protection Platform. The company specializes in so-called public attack surface protection and social media threat protection, essentially identifying and remediating targeted phishing attacks, credential compromise, data exfiltration, brand hijacking, executive and location threats and more, ZeroFOX says.
ZeroFOX, armed with Cyveillance, is now positioned as the “world leader in Digital Risk Protection, connecting automated protection and intelligence for organizations of all sizes,” the buyer claims.
Partner Focus: ZeroFOX’s partner program spans technology companies, value-added resellers (VARs), managed security services providers (MSSPs) and OEMs.
ZeroFOX Acquires Cyveillance: Executive Perspectives
In a prepared statement about the deal, ZeroFOX CEO James C. Foster said:
“Our merger with the Cyveillance team fulfills our strategic vision of accelerating our position as the definitive worldwide leader in Digital Risk Protection. The addition of Cyveillance allows us to further scale our Digital Risk Protection services and expand our threat intelligence capabilities, complementing our renowned AI & remediation capabilities, to address the entire digital threat lifecycle. Our combined customer base and over 400 employees makes us the largest, most proven provider in the Digital Risk Protection market, serving the needs of the world’s most recognized brands.”
Added Gilman Louie, co-founder of Alsop Louie and executive chairman of Lookingglass Cyber Solutions:
“ZeroFOX’s cyber platform powered by Artificial intelligence and Machine Learning is truly impressive. It was clear that we needed to bring these two organizations together to achieve scale overnight to benefit our customer. Combined with the rich Cyveillance data, human and machine intelligence and expertise, our customers will now be fully equipped to combat growing digital threats and exert security control back into digital experiences. This new powerhouse company will enable customers to achieve a new level of protection that is unique in the industry. Foster has built a world-class team and I am excited to join it and the ZeroFOX Board of Directors.”
Concluded James Carnall, Cyveillance General Manager:
“Since 2005, I have been honored to be a member of the Cyveillance team. With decades of threat intelligence tradecraft experience and a state of the art 24×7 Cyber Security Center, Cyveillance brings a best-in-class data collection and vetting advantage over all other TI providers. This enriched Intelligence delivered within the ZeroFOX Platform will enable customers to achieve a new level of protection that is years ahead of the competition. I look forward to partnering with ZeroFOX to deliver timely, relevant and actionable threat intelligence. It’s clear that we will have the most robust Digital Risk Protection and Threat Intelligence portfolio available in the market.”
ZeroFOX Funding History
ZeroFOX in February 2020 raised $74 million in funding led by Intel Capital. Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capita also participated in the round.
Roughly three years earlier, ZeroFOX raised $40 million in Series C funding led by Redline and Silver Lake Waterman, At that time, the company had received $88 million through 2017.