PRESS RELEASE
MONTREAL, March 26, 2024 (Newswire.com) — Flare, a world chief in Risk Publicity Administration, introduced as we speak its acquisition of Foretrace, a U.S.-based knowledge publicity firm famend for its adept workforce and its distinctive Complete ReconTM detection engine.
This acquisition marks a big milestone in Flare’s journey since being based in 2017 and comes at a time when the Montreal-based firm is celebrating triple-digit year-over-year progress in 2023. The deal is believed to be among the many first M&As within the Risk Publicity Administration (TEM) area because it was first coined by Gartner in 2022.
“Bringing Foretrace into the Flare household additional broadens our capabilities for gathering emergent menace knowledge whereas additionally deepening our experience, making certain that we could be in an incredible place to paved the way in TEM,” stated Norman Menz, CEO of Flare. “This acquisition is a testomony to our dedication to innovation and excellence, as we empower organizations to navigate the menace panorama with confidence and precision.”
The growing quantity and number of exterior menace exposures signifies that organizations are extra challenged than ever earlier than with successfully figuring out, prioritizing, and mitigating dangers throughout the assault floor. Foretrace’s know-how allows improved correlation and contextualization of menace publicity knowledge with generative AI techniques skilled to supply help for customers in menace investigations. Including these enhancements to Flare’s platform – which amalgamates the protection of beforehand siloed know-how options comparable to cyber menace intelligence, assault floor administration, and digital danger safety – guarantees to ship higher outcomes for purchasers seeking to construct out TEM applications.
As a part of the deal, Flare additionally introduced that Foretrace founding executives Nick Ascoli and Matt Mosley shall be becoming a member of the corporate as Senior Product Strategist and VP of Strategic Partnerships respectively. Along with founding Foretrace, Ascoli is a adorned cybersecurity innovator who has revealed a number of open-source instruments and has introduced analysis at Blackhat, Defcon, GrrCON, SANS, BSides, and different conferences on subjects together with knowledge leaks, assault floor administration, and reconnaissance. Matt Mosley brings three a long time of numerous expertise in cyber safety management roles, most notably as VP of Product Administration at Cyren, VP of Merchandise at Devo, and CPO and CISO twin roles at PIXM.
“We’re thrilled about becoming a member of forces with Flare,” stated Mosley. “Collectively, we’re poised to set new requirements in menace publicity administration, leveraging our mixed experience and modern applied sciences to ship unprecedented worth to our clients. We’re wanting to embark on this thrilling new chapter with the Flare workforce.”
Ascoli added, “At its core, Risk Publicity Administration is about making use of an adversarial lens to exterior threats. This was a giant a part of my mission after I based Foretrace, and I couldn’t be extra excited to proceed it with Flare.”
For extra details about Flare’s modern options and its impactful collaboration with Foretrace, please go to https://flare.io.
About Flare
Flare is on the forefront of Risk Publicity Administration, delivering AI-driven options that present complete, real-time menace evaluation and remediation. With its superior know-how, Flare provides a proactive method to cybersecurity, scanning the web world, together with the clear and darkish internet, to establish, prioritize, and tackle potential threats swiftly and effectively. For extra info, go to https://flare.io.
