Forescout Technologies, Inc. announced that it has signed a definitive agreement to acquire Cysiv, a cybersecurity innovator leveraging its cloud platform to improve detection and response to real-world threats. With this acquisition, Forescout will leverage Cysiv’s threat detection engine to analyze a wealth of asset and network communications data automatically collected by Forescout’s platform. According to the company, this comprehensive data across IT, IoT, OT and IoMT devices, as well as other key data sources, enables better real-world threat detection and response so customers can work more securely and efficiently.
Upon completion of the acquisition, Cysiv will join Forescout. “Enterprises need to be able to reduce the billions of data points in their networks to a handful of actionable real threats – automatically. Together with Cysiv, Forescout will offer customers the most powerful automated cybersecurity platform across their digital terrain,” said Wael Mohamed, CEO of Forescout. “Upon completion, the acquisition will help our customers leverage actionable threat intelligence from comprehensive data collected by Forescout and analyzed by Cysiv. We’re getting a lot more than just great technology with this acquisition. The Cysiv team is exceptional and our two organizations complement each other perfectly.”
The acquisition is expected to close in July 2022, subject to satisfaction of closing conditions and receipt of applicable regulatory approvals, and follows the acquisition of CyberMDX, which further strengthens Forescout’s IT, IoT and OT device coverage with IoMT expertise.
“Our mission has always been to better detect threats and respond faster,” said Partha Panda, CEO and co-founder of Cysiv. “Having successfully worked together over the last year, we are very excited to support Forescout on the next leg of our journey. The combination of Forescout and Cysiv provides organizations with best-in-class threat detection along with automated incident prioritization and response.”
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