RedOwl reaches Forcepoint

Forcepoint has acquired RedOwl, a cybersecurity technology producer backed by In-Q-Tel and Tedco, for an undisclosed sum.

RedOwl, a US-based cybersecurity company backed by the US intelligence community’s investment affiliate In-Q-Tel, has been acquired by security software developer Forcepoint, according to Washington Technology.

Financial terms of the transaction have not been disclosed.

RedOwl has developed a set of tools that monitor user activity within a network. The platform identifies unusual behaviour by comparing a user’s actions to those of people doing similar jobs.

In-Q-Tel entered a strategic partnership with RedOwl in 2013, though the size of the investment was not disclosed.

The Veterans Opportunity Fund, managed by the Maryland state-owned Technology Development Corporation (Tedco), contributed to a $4.6m series A round in 2014 alongside Attractor Ventures, Propel Baltimore and assorted angel investors.

In 2015, Allegis Capital led a $17m series B round that also include Blackstone and private investors. The series B brought RedOwl’s total funding to $30m, according to a press release published at the time.

See more from this Government Report: Maryland, US, US


Copyright Mawsonia Limited 2010. Please don't cut articles from or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. News round up 12 February 2018

    February 12, 2018

  2. News round up 29 January 2018

    January 29, 2018

  3. News round up 5 February 2018

    February 05, 2018

  4. Temasek bullish on India’s new investment opportunities

    January 26, 2018

  5. Canadian venture investment booms ahead of new fund-of-funds deadline

    February 02, 2018