Foresite acquires Cyber Lantern to make SMBs less vulnerable to devastating breaches
Foresite Cybersecurity has announced the acquisition of Cyber Lantern into its security monitoring, management, and assessment solutions.
With support for more than 160 essential compliance standards, Foresite provides a comprehensive SaaS solution for small and mid-size enterprises (SMEs) that can automate the management of their security, risk and compliance initiatives.
"Deepening our commitment to supporting SMEs as security threats escalate, Foresite continues to focus on creating a holistic Cybersecurity as a Service platform that simplifies and automates critical cybersecurity processes and software for time-strapped IT teams," the company says.
Matt Gyde, CEO of Foresite, says, "Smaller enterprises are at an extreme disadvantage with insufficient security processes. They typically have to rely heavily on service providers to help overcome a lack of senior security talent. Yet, they still have to shoulder the same deluge of security threats, complex regulatory demands and tough compliance standards."
He says drastic change is needed in how SMEs approach cybersecurity, and that the acquisition is another step toward fulfilling the company's vision of simplifying cybersecurity. Foresite customers can now access a broader suite of advanced cybersecurity subscriptions with the integration of Cyber Lantern into its ProVision SaaS platform.
Gyde says the two companies can now offer simple but powerful SaaS compliance and security operations solutions for SMEs. He says that by adding Cyber Lantern's advanced data modelling and compliance automation, Foresite can arm customers to better understand their security posture and help them meet compliance audit readiness faster.
"Foresite was able to seamlessly integrate the robust Cyber Lantern platform into its ProVision solution to make it immediately market-ready," says Sloane Child, vice president at Elsewhere Partners, who helped oversee the acquisition.
"Together, it's a powerful combination – providing a centralised solution that makes enterprise-grade risk, compliance and security management accessible for SMEs, so they can better understand and implement effective security measures despite budget constraints," he adds.
The acquisition also brings proven security experts to the Foresite team. Effective immediately, all Cyber Lantern employees will join Foresite, including the former National Security Agency (NSA) big data engineers who have spent two decades building military-grade security teams and developing U.S. Department of Defense cyber platforms.
"There is a giant cybersecurity gap for SMEs, and the continued surge of attacks on smaller organisations prove that the hackers are well aware of that fact," says Duane Shugars, the former CEO of Cyber Lantern who now joins the Foresight leadership team. "I think Foresite will help decrease the complexity, time and cost of cyber defence and compliance for SMEs and become a force in the industry."