Friday, December 11, 2015

LookingGlass Acquires Cyveillance, Adds $50 Million in Funding

LookingGlass Cyber Solutions announced its acquisition of Cyveillance, a provider of open-source threat intelligence (OSINT), along with a $50 million round of Series C financing.

Founded in 1997, Cyveillance delivers an open source intelligence-led approach to security through continuous, comprehensive monitoring and analysis of millions of online data sources to protect client information, infrastructure, and employees from physical and online threats. The Cyveillance Cyber Threat Center, a cloud-based platform, combines web search, social media monitoring, underground channel information, and global intelligence with investigative tools and databases of threat actors, domain names and IP data, phishing activity, and malware to help identify risks and threats to every aspect of a business.



LookingGlass said the combination of its suite of threat and Internet intelligence driven solutions with Cyveillance’s customer-specific customized solutions focused on unstructured and open source intelligence enables broad visibility and unparalleled understanding of risks and threats across the entire Internet to help clients take swift, confident action on prioritized, relevant threats.

The new funding was led by NewSpring Capital. In addition to supporting the acquisition of Cyveillance, capital from the transaction will be used to fund further growth initiatives including product development, further product integration, international expansion, sales, marketing and customer support. ARC Securities advised LookingGlass on the acquisition and capital raise. In addition to NewSpring Capital, LookingGlass investors include Alsop Louie Partners and the Neuberger Berman Group.

This caps off a record year following the company’s $20 million Series B Funding and earlier acquisitions of CloudShield and Kleissner & Associates.

“Our acquisition of Cyveillance further advances our corporate strategy of delivering the most comprehensive threat intelligence capability in the market. The addition of Cyveillance allows LookingGlass to expand our coverage across the risk landscape helping security teams stay ahead of threats in an efficient and effective way,” said Chris Coleman, CEO of LookingGlass.

http://www.LGScout.com

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