Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

ReliaQuest to Buy Digital Shadows for $160 Million

Fresh off a $300 million funding round and a billion-dollar valuation, security operations vendor ReliaQuest on Wednesday announced plans to acquire threat intelligence startup Digital Shadows in a deal valued at $160 million.

Fresh off a $300 million funding round and a billion-dollar valuation, security operations vendor ReliaQuest on Wednesday announced plans to acquire threat intelligence startup Digital Shadows in a deal valued at $160 million.

The Tampa, Florida-based ReliaQuest said the deal adds contextual threat intelligence data to its GreyMatter platform and new technology to help organizations quickly respond to cybersecurity incidents.

In a note announcing the planned acquisition, ReliaQuest said the deal gives security operations teams the ability to detect and respond to threats with real-time internal and external visibility.

“Security teams are stretched between investigating and responding to threats they can see while working to increase visibility across both security and business applications where they have limited visibility to detect and respond. The ability to extend and automate detection and response across both security and business applications is critical to a successful security program,” ReliaQuest added.

The company expects the new product line will drive down response time, provide context around threats and allow for an end-to-end view, all while decreasing the cost of visibility. 

Last August, ReliaQuest banked $300 million in growth funding led by private equity powerhouse KKR.  The company’s GreyMatter platform is built on an Open XDR architecture and is used to extend detection and response across a customer’s network, cloud, and endpoint for both security and business applications. 

Related: SaaS Security Platform Provider ReliaQuest Raises $300 Million

Related: Surefire Cyber Tackles Incident Response With $10M Series A 

Advertisement. Scroll to continue reading.

Related: Recorded Future Unveils $20M Threat-Intel Investment Fund

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...