Dallas-based iSIGHT Partners said today that it has received an investment from Blackstone. According to iSIGHT Partners, the capital will help the company launch its recently patented Cyber Risk Management System slated for release in the first quarter of 2014. iSIGHT Partners is a provider of global cyber threat intelligence solutions.
DALLAS–(BUSINESS WIRE)–iSIGHT Partners, the leader in global cyber threat intelligence, today announced a strategic investment from Blackstone, one of the world’s leading asset management and advisory firms (NYSE:BX). This investment will help iSIGHT Partners launch its recently patented, Cyber Risk Management System (“iCRMS”), scheduled for release in the first quarter of 2014. The core iCRMS technology maps cyber threat intelligence data to security devices and delivers threat intelligence context at machine speed to security teams within organizations.
“Blackstone has relied on iSIGHT Partners for the past year to understand and interpret our cyber threat environment. Their products allow us to prioritize resources to counter those cyber threats that pose the greatest risk to our organization,” said Jay Leek, Chief Information Security Officer of Blackstone. “We believe their approach to providing intelligence led security will be the model for the future.”
iSIGHT’s cyber threat intelligence products have provided organizations with significantly deeper intelligence into the motivation, intent, and capability of the threats they may face. Without this intelligence it is difficult for an organization and their cyber security teams to prioritize attention, funds, and personnel when faced with advanced, persistent threats.
“After experiencing the value of iSIGHT’s cyber intelligence first hand, we quickly reoriented our thinking toward Blackstone’s portfolio companies and the value this product could add to their businesses. Presenting iSIGHT’s intelligence to our portfolio companies and making our strategic investment were natural next steps,” said Laurence Tosi, Chief Financial Officer of Blackstone.
“After spending several hours with the Blackstone team, it was apparent we were in agreement that the industry transformation toward intelligence led security was clearly underway, with iSIGHT at the forefront of this transformation. Equally as important was the chemistry between our teams and our organizational cultures,” said John Watters, CEO of iSIGHT. “We’ve invested substantial capital over the past six years to develop our global footprint, our threat fusion center, and our intelligence delivery capabilities. We will invest additional capital to bring iCRMS to the market along with our world-class threat and breach diagnostic services and our cyber exercise platform (ThreatSPACE).”
Blackstone is one of the world’s leading investment and advisory firms. It seeks to create positive economic impact and long-term value for investors, the companies it invests in, the companies it advises and the broader global economy. Blackstone does this through the commitment of extraordinary people and flexible capital. Its alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow on Twitter @Blackstone.
About iSIGHT Partners
Dallas-based iSIGHT Partners is a global cyber threat intelligence firm that delivers intelligence services and insight to leading enterprises in business and government. With a global network of security analysts and geographic research and analysis centers in Washington DC, The Netherlands, Brazil, Ukraine, India and China, iSIGHT Partners is uniquely positioned to monitor and mine the cyber threat ecosystem and deliver proprietary intelligence products and services specific to the threats its clients face. Find iSIGHT on the web at www.iSIGHTpartners.com or email us at email@example.com.