RedSeal Announces Equity Investment from STG Partners

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STG expands into cybersecurity space with majority stake in RedSeal, the leader in cyber risk modeling for hybrid environments

SAN JOSE, Calif. – April 10, 2019 – RedSeal, the leader in cyber risk modeling for hybrid environments announced today a growth equity investment from Symphony Technology Group (STG). Funding from the investment will support and accelerate RedSeal’s strong growth and market momentum.

More than 220 Global 2000 corporations and mission-critical government agencies, including all branches of the U.S. military, as well as power grid companies and the world’s most trusted financial institutions, depend on RedSeal. Its award-winning cyber risk modeling platform helps validate an organization’s security posture, accelerate investigation and improve productivity of network and security teams.

STG selected RedSeal because of the company’s innovative approach, proven track record, experienced leadership team, and passionate customer and employee base. Globally, organizations’ cyber terrain is increasingly complex, and they need end-to-end visibility across their network infrastructures to be resilient. Only RedSeal models the entire hybrid data center – including public cloud, private cloud, and physical networks. Its powerful analytics help security teams better prepare for and contain cyber risks within minutes and not days.

“The RedSeal platform is a truly differentiated offering and a must-have for all enterprises, public or private,” said STG Managing Director J.T. Treadwell. “The scale and depth of RedSeal’s modeling and analytic capabilities are unique in the market, and they create meaningful insights to inform and empower today’s overmatched security teams. The force multiplying that customers experience with RedSeal is the definition of using insights and understanding to optimize effort for impact, a vision that STG has pursued in many of our most successful investments. Given this shared mission of using real-time insights at scale to drive impact, RedSeal was a strategic choice for our firm’s first investment into cybersecurity, and we are thrilled to partner with Ray Rothrock and the leadership team to help them accelerate their growth.”

“We have found a growth partner in STG,” said Ray Rothrock, chairman and CEO of RedSeal. “They are aligned with our digital resilience strategy, and the enormous value that understanding your cyber terrain has on driving down your cybersecurity risks and exposure. STG’s collaboration and investment will help us further strengthen our position in the industry, expand and pursue growth opportunities, and drive increasing value to our customers.”

Atlas Technology Group acted as financial advisor and Paul Hastings acted as legal advisor to STG. Wilson, Sonsini Goodrich and Rosati (WSGR) acted as legal advisor to RedSeal.

About RedSeal

RedSeal’s cyber risk modeling platform for hybrid environments is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. RedSeal is headquartered in San Jose, California. Follow RedSeal on Twitter and LinkedIn.

About STG
STG is the private equity partner for market-leading data, software and analytics companies. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 30 global companies. For more information, please visit www.stgpartners.com.

Private equity firm STG takes 70 percent stake in cybersecurity firm RedSeal

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Reuters | April 9, 2019

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RedSeal Named GSN HSA Platinum Winners In Two Categories

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Government Security News | April 4, 2019

We are pleased to announce that RedSeal has been named the 2018 Homeland Security Awards Platinum winner for both Best Cyber Operational Risk Intelligence and Best Compliance/Vulnerability Assessment by Government Security News Magazine. Judging in this category is based on a combination of client organization, technological innovation or improvement, filling a recognized government IT security need and flexibility of a solution to meet current and future organizational needs.

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RedSeal Named Govies Government Security Award Winner for 2019

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Security Today | April 1, 2019

RedSeal has been named a winner of Security Today’s Govies Government Security Award for Network Security. Security Today magazine is the only integrated product and technology magazine reaching the entire security market and the awards honor outstanding government security products in a variety of categories.

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Digital Resilience – What You Can Do Now

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Soundview Magazine | March 27, 2019

In our increasingly digital world, we are all targets of hackers and fraudsters. To survive, we must use some best practices to ensure our resilience. I use the word resilience rather than security deliberately. Security is about trying to stop the bad guys. Resilience is what you do when one of them—inevitably—gets in. It’s about identifying the problem and neutralizing it, even as you continue to do business. It’s also about recovery, quickly and productively, stronger than ever.

To regain control both in feeling and fact requires that we become resilient in our digital lives. Here’s how.

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How to better manage your brain and your business

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Acuity Magazine | March 26, 2019

Today’s digital networks are no longer an adjunct to business, they have become the substance of it. If you are not ensuring your company is prepared for a cyber threat you could be in for some nasty surprises.

Ray Rothrock is one of America’s leading cybersecurity experts and warns that if your business is connected to the internet, it’s at risk. Cybersecurity must be seen as an integral part of an organisation – not a reluctant expense instigated by the IT department.

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Top 10 Must-Read Books on Information Security in 2019

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Sensors Tech Forum | March 27, 2019

8. Digital Resilience: Is Your Company Ready for the Next Cyber Threat?

This is one of the most current works on cyber threats, written in 2018, and only recently published. The author is currently the CEO of RedSeal, a cybersecurity consulting company.

The great thing about this book is that it is quite non-technical. It is really written for non-techie management and leadership who may not understand all of the jargon and processes.

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RedSeal Named to the JMP Securities Elite 80

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JMP Securities | March 27, 2019

RedSeal has been named to the JMP Securities Elite 80 report (formerly Super 70) for the third year in a row. The list recognizes the most interesting and strategically positioned private companies in the Cybersecurity, Data Management & IT Infrastructure industries.

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The Importance of Speed in Incident Response

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By RedSeal Federal CTO Wayne Lloyd

Have you seen CrowdStrike’s “Global Threat Report: Adversary Tradecraft and The Importance of Speed”?

Just released at RSA Conference 2019 this year, the key takeaway is that nation states and criminal organizations are increasing both the speed and sophistication of their cyber tactics. This isn’t a surprise, but the report presents more detail on just how little time we have.

CrowdStrike defines “breakout time” as “the window of time from when an adversary first compromises an endpoint machine, to when they begin moving laterally across your network.”

The report shows a more granular examination of breakout time by clocking the increasing average speed of major nation state actors, including the breakout speeds of Russia, China, North Korea, Iran, and others.

So what can you do?

According to the report, basic hygiene is still the most important first step in defending against these adversaries — including user awareness, vulnerability and patch management and multi-factor authentication.

The CrowdStrike report continues:

With breakout time measured in hours, CrowdStrike recommends that organizations pursue the ‘1-10-60 rule’ in order to effectively combat sophisticated cyberthreats:

  • Detect intrusions in under one minute
  • Perform a full investigation in under 10 minutes
  • Eradicate the adversary from the environment in under 60 minutes

Organizations that meet this 1-10-60 benchmark are much more likely to eradicate the adversary before the attack spreads out from its initial entry point, minimizing impact and further escalation. Meeting this challenge requires investment in deep visibility, as well as automated analysis and remediation tools across the enterprise, reducing friction and enabling responders to understand threats and take fast, decisive action.

RedSeal and the 1-10-60 Benchmark

A RedSeal model of your network – across on-premise, cloud and virtual environments — gives you the detail you need to quickly accelerate network incident investigation. You’ll be able to quickly locate a compromised device, determine which assets bad actors can reach from there – and get information to stop them. Since RedSeal’s model includes all possible access paths, you’ll see specific paths the network attacker could take to valuable assets. And, you’ll get specific containment options so you can decide what action to take — from increasing monitoring, to placing honey pots, to changing firewall rules, to simply unplugging the device — decreasing your network incident response time.

Network security incident response that used to take hours, if not days, to determine becomes available immediately.

Click here to learn more about RedSeal’s support of incident response teams and how it will improve your agency’s digital resilience.

Reality check: why brittle AI security is no match for a wily attacker…yet

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SC Magazine UK | March 22, 2019

It’s 2019 and the world and his dog is shouting about the wonders of artificial intelligence (AI) in cyber security. Nearly three-quarters of organizations have implemented projects with at least some element of AI in them, according to one new piece of research. And over half of security professionals responding to another poll said such tools are “essential” to helping them detect attacks before they’ve had a chance to impact the organization.

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