Forcepoint, a global cybersecurity leader acquired RedOwl: a provider of security analytics which targets to aid customers in understanding and managing human risk. RedOwl has supposedly raised $21.6 million in venture capital funding. As of now, the financial terms of the deal have not been disclosed to the public.
With this acquisition, Forcepoint proudly owns RedOwl’s UEBA (User and Entity Behaviour Analytics). UEBA works on data and usage behaviour patterns to analyse potential anomalous users or device behaviours. This technology allows an insight into the various activities of people which will help in analysing large amounts of data and assess events and behaviours to enhance security and regulatory requirements. The platform will be integrated across Forcepoint’s portfolio in existing technologies like SIEM, Forcepoint DLP and Forcepoint Insider Threat.
"The world has fundamentally changed and the way we think about security must change, as well,” stated Matt Moynahan, CEO of Forcepoint. “If the cybersecurity industry fails to put people at the center, it is certain to fall short in helping customers protect their most vital assets. Forcepoint is absolutely committed to empowering customers with human-centric security systems, and RedOwl fits squarely into this promise."
RedOwl employees will now directly report to the Data and Insider Threat Security team at Forcepoint. This move by Forcepoint is a step forward in protecting critical business data by delivering holistic solutions to customers.
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