Forescout, an automated cybersecurity solutions provider backed by private equity firm Advent International, has acquired security operations center-as-a-service (SOCaaS) company Cysiv. Financial terms of the deal were not disclosed. The acquisition is expected to close in July 2022.
This is technology M&A deal number 532 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
With the acquisition, Forescout will integrate Cysiv's threat detection engine into its security platform, the company said. In doing so, Forescout customers will be able to use the platform to automatically analyze asset and network communications data.
A Closer Look at Cysiv
Cysiv, founded in 2018, is based in Irving, Texas. The company has 81 employees listed on LinkedIn. Cysiv raised $26 million in Series A funding in February 2020.
Cysiv provides a SOCaaS offering that organizations can use to detect, investigate, hunt for and respond to cyber threats across their IT and Internet of Things (IoT) environments, the seller said. The offering leverages a threat detection engine and various techniques to identify false-positive security alerts and threats that warrant further investigation. It is backed by security experts who can investigate cyber threats and escalate security incidents.
In addition, Cysiv's SOCaaS offering lets organizations perform threat detection exercises, the company said. It also provides organizations with threat containment and remediation and security policy recommendations.
Along with its SOCaaS offering, Cysiv provides the Command security information and event management (SIEM) platform. Organizations can use Command to collect and normalize security event data, analyze this information and generate insights from it, the company indicated.
Cysiv provides MSSPs and MSPs with a multi-tenant platform to deliver SOCaaS, managed SIEM or managed detection and response (MDR) services, the company noted. MSSPs and MSPs can integrate Cysiv's technologies into their offerings without building and operating a security operations center (SOC).
Forescout Announces Frontline Threat Hunting Service
The Cysiv acquisition comes after Forescout in May 2022 launched the Frontline threat hunting service to help security teams identify risks and speed up incident response.
Security teams can use Frontline to discover, validate and prioritize cyber threats and vulnerabilities across their cyber assets, Forescout said. They also can operationalize vulnerability research and threat intelligence from Forescout’s Vedere Labs research team.
Forescout provides the Continuum Platform, which organizations can use to monitor their cyber assets and comply with data security mandates. It offers a partner program that enables MSSPs and MSPs to integrate its automated cybersecurity capabilities into their portfolios.