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RedSeal Announces Equity Investment from STG Partners

STG expands into cybersecurity space with majority stake in RedSeal, the leader in cyber risk modeling for hybrid environments

SAN JOSE, Calif. – April 10, 2019 – RedSeal, the leader in cyber risk modeling for hybrid environments announced today a growth equity investment from Symphony Technology Group (STG). Funding from the investment will support and accelerate RedSeal’s strong growth and market momentum.

More than 220 Global 2000 corporations and mission-critical government agencies, including all branches of the U.S. military, as well as power grid companies and the world’s most trusted financial institutions, depend on RedSeal. Its award-winning cyber risk modeling platform helps validate an organization’s security posture, accelerate investigation and improve productivity of network and security teams.

STG selected RedSeal because of the company’s innovative approach, proven track record, experienced leadership team, and passionate customer and employee base. Globally, organizations’ cyber terrain is increasingly complex, and they need end-to-end visibility across their network infrastructures to be resilient. Only RedSeal models the entire hybrid data center – including public cloud, private cloud, and physical networks. Its powerful analytics help security teams better prepare for and contain cyber risks within minutes and not days.

“The RedSeal platform is a truly differentiated offering and a must-have for all enterprises, public or private,” said STG Managing Director J.T. Treadwell. “The scale and depth of RedSeal’s modeling and analytic capabilities are unique in the market, and they create meaningful insights to inform and empower today’s overmatched security teams. The force multiplying that customers experience with RedSeal is the definition of using insights and understanding to optimize effort for impact, a vision that STG has pursued in many of our most successful investments. Given this shared mission of using real-time insights at scale to drive impact, RedSeal was a strategic choice for our firm’s first investment into cybersecurity, and we are thrilled to partner with Ray Rothrock and the leadership team to help them accelerate their growth.”

“We have found a growth partner in STG,” said Ray Rothrock, chairman and CEO of RedSeal. “They are aligned with our digital resilience strategy, and the enormous value that understanding your cyber terrain has on driving down your cybersecurity risks and exposure. STG’s collaboration and investment will help us further strengthen our position in the industry, expand and pursue growth opportunities, and drive increasing value to our customers.”

Atlas Technology Group acted as financial advisor and Paul Hastings acted as legal advisor to STG. Wilson, Sonsini Goodrich and Rosati (WSGR) acted as legal advisor to RedSeal.

About RedSeal

RedSeal’s cyber risk modeling platform for hybrid environments is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. RedSeal is headquartered in San Jose, California. Follow RedSeal on Twitter and LinkedIn.

About STG
STG is the private equity partner for market-leading data, software and analytics companies. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 30 global companies. For more information, please visit www.stgpartners.com.

On Norman Castles and the Internet

Dark Reading | March 15, 2019

By RedSeal CTO Dr. Mike Lloyd

When the Normans conquered England, they built castles to maintain security. But where are the castles of the Internet?

I recently had the pleasure of attending the ninth annual Workshop on Internet Economics (WIE) at the University of California, San Diego. It might not seem a likely place to discuss English castles after the Norman Conquest, but that turned out to be a strong analogy for the security challenges of our modern Internet.

We’re All Going to Get Hacked

Harvard Business School  | February 13, 2019

In November 2014, Sony Pictures suffered a massive, high-profile data breach, with hackers breaking in and stealing everything from confidential employee data to unreleased films. And not long after, on a Saturday morning, Ray Rothrock’s cell phone rings. Rothrock (MBA 1988) is the CEO of the cybersecurity firm Red Seal, and a higher-up at Sony was looking for his help. After the breach, he told Rothrock, the company essentially hit factory reset on their entire network. The phones were down. They were doing payroll by handwritten checks. They had burned it all down. And now they needed someone to help them rebuild it.

New year, new tactics to keep your personal info safe after Marriott data breach

Los Angeles Times  | January 14, 2019

As consumers, we’re thinking about data breaches all wrong. We ask how something like this can happen. We are shocked when 383 million people, more than the population of the United States, are potentially affected by digital evil-doers. We think nothing will happen to us. And we continue on our merry way. Wrong, wrong, wrong, and especially wrong, experts say.

Cyber resilience: not just bouncing back, but a strategy for effective cyber defense

Government Technology Insider | November 8, 2018

With Dr. Mike Lloyd, RedSeal CTO

Most discussions on cybersecurity focus on prevention, but not cyber defense. But, the unfortunate reality is, some attacks will be successful no matter how well you’ve protected your networks. The question then becomes, just how quickly can you get back online and back to business?

For the Government Technology Insider podcast, we asked Dr. Mike Lloyd, Chief Technology Officer for RedSeal about how to achieve “digital resilience” – the ability to prepare for and recover from a cyber attack.

Cyber Security Hub: How Digitally Resilient Is Your Company?

Cyber Security Hub | November 7, 2018

Unlike the game Whack-a-Mole, where the object is to clobber a mole as it pops its head out of a hole, cyber threats are becoming more targeted and harder to whack, said Ray Rothrock, CEO of RedSeal, and author of the book, Digital Resilience: Is Your Company Ready for the Next Cyber Threat? on Monday’s episode 55 of Task Force 7 Radio. Rothrock was the guest of host George Rettas, the president and CEO of Task Force 7 Radio and Task Force 7 Technologies.

Podcast: Why Digital Resilience Is The Answer

Taskforce 7 Radio | November 5, 2018

With Ray Rothrock, Chief Executive Officer

Ray Rothrock, the CEO of Redseal and Board Member of cyber security incubator Team 8 appears on Episode #55 of Task Force 7 Radio to talk about his new book, “Digital Resilience – Is Your Company Ready for the Next Cyber Threat” and why Digital Resilience is the only way to win the Cyber Security battle we are all engaged in on a daily basis.

Cyber Hygiene And Digital Resilience To Withstand A Cyber Attack

ITSP Magazine | October 25, 2018

By Wayne Lloyd, RedSeal Federal CTO

After both the first and second Gulf wars, nation states such as North Korea, Iran, China and others came to the same conclusion: under no circumstances get into a shooting war with the United States military. The sole superpower in the world had a military so advanced and superior on the battlefield it left little doubt about the outcome.

Resilient regulation can help end the tech-consumer stalemate

The Hill | October 21, 2018

By Ray Rothrock, RedSeal CEO

The reason for the absence of meaningful dialogue and meaningful movement is that the two sides persist in choosing the wrong adjectives. They argue over preemptive federal legislation versus state legislation. They fight over tough legislation versus soft legislation.

What they should do is discard all of these modifiers and instead embrace, together, just one type of legislation: resilientWe need privacy regulation that promotes the resilience of data privacy and security. And we need it whether we run Google and Facebook or use Google and Facebook.

FICO & US Chamber of Commerce Score Cyber-Risk Across 10 Sector

Dark Reading | October 16, 2018

Media, telecom, and technology firms are far more likely to experience a data breach in the near future than organizations in sectors including energy, construction, and transportation.

A score “taken from the outside looking in is similar to rating the fire risk to a building based on a photograph from across the street,” says Mike Lloyd, CTO of RedSeal. “You can, of course, establish some important things about the quality of a building from a photograph, but it’s no substitute for really being able to inspect it from the inside.”