RedOwl Announces Investment by Blackstone
March 16 2015 - 9:00AM
Business Wire
Funding to accelerate growth
RedOwl Analytics, the security analytics firm, today announced
that it closed a strategic investment from Blackstone. The funding
will help RedOwl accelerate the development of its insider-risk
detection platform, IP loss detection capabilities and expand its
global go-to-market activities. RedOwl’s software platform, Reveal,
applies advanced analytics to the digital exhaust of modern
enterprises to fundamentally tackle both compliance and security
challenges.
“We are thrilled to partner with Blackstone,” explained Guy
Filippelli, the 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.”
“Our relationship with RedOwl began when we brought them onboard
to help secure Blackstone; and, when we saw the value RedOwl added,
we quickly decided to also pursue an investment in their
organization. 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,” said Blackstone’s Jay
Leek.
RedOwl’s holistic approach to security, delivered through its
Reveal Platform, 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 user answers and
proactively identifying risk inside an organization.
“Beyond security, we are also delivering value to control,
compliance, and audit professionals at major financial institutions
by enabling them to proactively monitor risk,” added Brian White,
COO of RedOwl. “We believe that the compliance and security
challenge is the same, as both demand combining disparate data
sources, applying advanced mathematics, and delivering actionable
insights.”
About RedOwl Analytics
RedOwl Analytics offers a cutting-edge analytical solution to
security, compliance, and investigative use cases. RedOwl’s
flagship product, Reveal, provides immediate value to
forward-leaning organizations that understand the massive potential
of their untapped internal data sources in improving oversight and
reducing risk. For more information, visit
www.redowlanalytics.com.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with almost $300 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. 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 Blackstone on Twitter @Blackstone.
BlackstonePeter Rose,
212-583-5871peter.rose@blackstone.comorRedOwl AnalyticsLauren
Webster, 510-402-8384lwebster@redowlanalytics.com
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