Alternative asset manager Blackstone Group has closed a strategic investment with RedOwl Analytics, a security firm developing an insider-risk detection platform and IP loss detection capabilities.
RedOwl’s software platform, Reveal, applies advanced analytics to the digital exhaust of modern enterprises to fundamentally tackle both compliance and security challenges.
The technology fuses communications, digital, financial, and physical data in one place, and looks for changes, patterns and anomalies in behavior. Reveal anticipates future activity and reports, rather than alerts, thus providing end-users answers and proactively identifying risk inside an organization.
“Our relationship with RedOwl began when we brought them on-board to help secure Blackstone; and, when we saw the value RedOwl added, we quickly decided to also pursue an investment in their organization," says Jay Leek, Blackstone's CISO. "As a Chief Information Security Officer, I have seen many approaches that make incremental progress towards improving security, yet very few that have had the potential to truly change the way we think about securing the firm. RedOwl is one of those companies. It is squarely focused on moving beyond the perimeter and securing the inside of an organization."
“We are thrilled to partner with Blackstone,” adds Guy Filippelli, CEO of RedOwl. “The security community has been very focused on external threats, and thus organizations spend most of their resources defending their perimeters. Yet virtually every study has concluded that most threats originate from the inside. Blackstone’s investment will help us both accelerate the development of our platform and our go-to-market activities.”
More on Leek and Blackstone's cyber strategy in the April issue of Waters.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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