PRESS RELEASE
MONTREAL, March 26, 2024 (Newswire.com) — Flare, a world chief in Menace Publicity Administration, introduced at present its acquisition of Foretrace, a U.S.-based knowledge publicity firm famend for its adept staff and its distinctive Complete ReconTM detection engine.
This acquisition marks a major 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 development in 2023. The deal is believed to be among the many first M&As within the Menace Publicity Administration (TEM) house because it was first coined by Gartner in 2022.
“Bringing Foretrace into the Flare household additional broadens our capabilities for accumulating emergent menace knowledge whereas additionally deepening our experience, guaranteeing that we may be in an amazing place to cleared the path 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 implies 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 permits improved correlation and contextualization of menace publicity knowledge with generative AI programs skilled to offer 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 threat safety – guarantees to ship higher outcomes for purchasers trying to construct out TEM applications.
As a part of the deal, Flare additionally introduced that Foretrace founding executives Nick Ascoli and Matt Mosley can be becoming a member of the corporate as Senior Product Strategist and VP of Strategic Partnerships respectively. Along with founding Foretrace, Ascoli is a embellished cybersecurity innovator who has printed a number of open-source instruments and has offered analysis at Blackhat, Defcon, GrrCON, SANS, BSides, and different conferences on matters together with knowledge leaks, assault floor administration, and reconnaissance. Matt Mosley brings three a long time of various 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 staff.”
Ascoli added, “At its core, Menace Publicity Administration is about making use of an adversarial lens to exterior threats. This was an enormous a part of my mission once 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 Menace Publicity Administration, delivering AI-driven options that present complete, real-time menace evaluation and remediation. With its superior know-how, Flare gives a proactive method to cybersecurity, scanning the net world, together with the clear and darkish net, to establish, prioritize, and tackle potential threats swiftly and effectively. For extra info, go to https://flare.io.
