ReliaQuest to acquire threat intelligence startup Digital Shadows for $160M

ReliaQuest to acquire threat intelligence startup Digital Shadows for $160M

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Security platform company ReliaQuest LLC has entered an agreement to acquire threat intelligence startup Digital Shadows Ltd. for $160 million.

Founded in 2011, Digital Shadows offers a threat intelligence platform designed to assist organizations in protecting themselves against cyberattacks, loss of intellectual property and a loss of brand reputation and integrity. The platform was built with overloaded security analysts at heart who want a more relevant and actionable approach to threat intelligence.

Digital Shadow’s core SearchLight product focuses on digital risks that organizations care about, using a threat model that adapts to the organization’s risk profile and appetite. SearchLight has four main stages that act as an extension of security operations center teams to configure key assets, collect from hard-to-reach resources, analyze and identify risks, and mitigate the impact.

SearchLight is pitched as delivering a “low noise solution” that allows security teams to work faster and with fewer resources than before. The service’s actionable threat intelligence combines data analytics, application programming interface integrations and automation features to allow SOCs to make the right decision faster.

The acquisition will combine ReliaQuest’s extended detection and response across cloud, network and endpoint environments with Digital Shadows’ digital risk and threat intelligence technology. ReliaQuest claims that the combination will make security operations more effective by integrating the digital risk and threat intelligence that security leaders care about into a security operations platform that increases visibility, reduces complexity and manages risk.

“Combining the internal visibility provided by ReliaQuest with the external threat intelligence and digital risk monitoring brought by Digital Shadows creates an end-to-end picture for enterprises around the world,” Alastair Paterson, co-founder and chief executive officer at Digital Shadows, said in a statement. “The complementary technical capability, shared cultural values and geographic synergies offered by the combined companies make this a great opportunity for our customers and our partners.”

Before its acquisition, Digital Shadows had raised $58 million, according to Crunchbase, including a round of $14 million in February 2016. Investors include National Australia Bank, Trinity Ventures, TenEleven Ventures, Octopus Ventures and Passion Capital. The deal is still subject to customary closing requirements and regulatory approvals.

ReliaQuest is also a well-funded startup, having raised $330 million from investors including FTV Capital, Kohlberg Kravis Roberts and TenEleven Ventures.

Photo: Digital Shadows

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