Foresite, a cybersecurity and compliance services provider focusing on small and mid-sized enterprises (SME), has acquired Cyber Lantern and plans to integrate that company’s technology into Foresite’s ProVision security platform. Terms of the acquisition were not disclosed, though Foresite noted that all Cyber Lantern employees would join the Foresite team.
“Smaller enterprises are at an extreme disadvantage with insufficient security processes – still woefully underserved by enterprise-focused security vendors, they typically have to rely heavily on service providers to help overcome a lack of senior security talent. Yet, they still have to shoulder the same deluge of security threats, complex regulatory demands and tough compliance standards,” Matt Gyde, CEO of Foresite, said in a news release. “We need to drastically change how SMEs approach cyber security. This acquisition is another step toward fulfilling our vision of simplifying cyber security so SMEs can easily assess, build, monitor, measure and maintain a stronger cyber posture. Integrating our teams and technology will expedite our global growth.”
Cyber Lantern’s advanced data modeling and compliance automation functions will help Foresite can arm its customers with a better understanding of their security posture and help them meet compliance audit readiness in days rather than months, Foresite said in the release.
“Foresite was able to seamlessly integrate the robust Cyber Lantern platform into its ProVision solution to make it immediately market ready. Together, it is a powerful combination — providing a centralized solution that makes enterprise-grade risk, compliance and security management accessible for SMEs so they can better understand and implement effective security measures despite budget constraints,” said Sloane Child, vice president at Elsewhere Partners, who helped oversee the acquisition.
Beyond product enhancements, the acquisition also beefs up Foresite’s team, adding former National Security Agency (NSA) big data engineers.
“There is a giant cyber security gap for SMEs, and the continued surge of attacks on smaller organizations prove that the hackers are well aware of that fact,” former Cyber Lantern CEO Duane Shugars said in the release. “I think Foresite will help decrease the complexity, time and cost of cyber defense and compliance for SMEs and become an unstoppable force in the industry.”
About Foresite Cybersecurity
Foresite Cybersecurity’s ProVision platform provides customers visibility into their current security and risk, helping them implement proactive actions and responses through a variety of managed solutions to maintain audit and threat readiness. Click to learn more.