This Is Just The Beginning
“If you want to go fast, go alone. If you want to go far, go together.” — Steve Jobs
Today, I am pleased to announce that we are joining forces with Forescout Technologies, Inc., the global leader in automated cybersecurity, and have entered into a definitive agreement to be acquired. (Full press release here)
This announcement is a very positive development for the customers and employees of both Cysiv and Forescout, and I feel very excited and proud as it marks the start of the next stage in our growth and journey.
When I started the company with Justin Foster, our CTO and co-founder, we saw that traditional approaches to SOC relied on outdated and disparate technologies, were manually intensive, inflexible, slow and far too complex, expensive and time consuming to activate and operate. And they were not effective: they generated too many false positives and massive numbers of meaningless alerts that SecOps teams didn’t have the time or resources to investigate.
Through smart architectural and engineering decisions, and by embracing data science and automation, Cysiv has created a modern, cloud native platform to address the threat detection and response requirements of CISOs and SecOps leaders, across the globe.
Cysiv is now trusted by a broad range of enterprises worldwide. This includes Fortune 50 to 1000 enterprises in healthcare, retail, technology and insurance, mid-sized enterprises in banking, finance, automotive and manufacturing, and well-funded, high-growth enterprises in fintech, healthtech, consumer, and B2B services. We are extremely grateful to you, our customers, for the trust and confidence you’ve shown, and the contributions you’ve made in helping us further enhance our platform and offering.
With this acquisition, the Cysiv data analytics platform will now be able to analyze a wealth of asset and network communications data automatically collected by Forescout’s platform from connected IT, IoT, OT and IoMT devices. This data, as well as data from other essential infrastructure, users and endpoints, will be normalized and correlated to enable better true threat detection and automated response so customers can operate more securely and efficiently. Together, we are truly excited about the possibility of expanding the scope of our analytics to provide a single pane for data across all connected devices and a comprehensive detection and response strategy, across the entire IT, IoT, OT and IoMT environment.
I want to assure our customers that this acquisition will have no impact on the services we are providing to you, or the team providing them. Forescout is committed to continuing to deliver better detection and faster response of true threats, in support of your business, and we look forward to introducing you to Forescout’s complementary solutions, at an appropriate time.
The financial backing of Forescout, and the private equity firms supporting them, allows us to continue our mission to provide better detection and faster response to true threats using a combination of machine lead and human lead detection/response.
And I’m equally thankful to ForgePoint Capital, as they led Cysiv’s Series A financing and enabled us to spin-off an internally developed platform at Trend Micro, and to Trend Forward Capital who also actively backed Cysiv and participated in the Series A financing. Both firms have been instrumental to our success and continue to be valued investors in Cysiv.
Cysiv and Foregepoint Capital celebrate the Series A financing, in February, 2020
I owe a debt of gratitude to Cysivers who have always led with passion and kept customers first as we continue to challenge ourselves and innovate. We “as builders” are looking forward to joining forces with the fantastic team of innovators and builders at Forescout, to continue serving customers.
Upon close of the acquisition, which is expected in the third fiscal quarter (July-Sep), Forescout will be able to harness Cysiv’s data analytics platform to detect threats and enable real, automated response actions by leveraging Foresout’s unique governance platform across IT, IoT, OT and IoMT assets.
We are excited to share more about what we’ll be working on together in the coming months. The possibilities are fantastic and within reach, and we are only just getting started.
Onwards and upwards.