Cyber Lantern has been acquired by Foresite Cybersecurity, a cyber security innovator, and will be integrated into its security monitoring, management, and assessment systems. Foresite now offers the most comprehensive SaaS solution for SMEs wishing to automate the administration of their security, risk, and compliance initiatives, with support for more than 160 of the essential compliance standards. In addition, Foresite continues to focus on providing a holistic Cybersecurity as a Service platform that simplifies, integrates, and automates critical cyber security processes and software for time-strapped IT teams, demonstrating its commitment to serving SMEs as security risks grow.
"Smaller enterprises are at an extreme disadvantage with insufficient security processes – still woefully underserved by enterprise-focused security vendors, 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,We need to drastically change how SMEs approach cyber security. This acquisition is another step toward fulfilling our vision of simplifying cyber security so SMEs can easily assess, build, monitor, measure, and maintain a stronger cyber posture. Integrating our teams and technology will expedite our global growth."
Matt Gyde, CEO of Foresite
With the integration of Cyber Lantern into Foresite's ProVision SaaS platform, current clients now have access to a broader array of advanced cyber security solutions. In addition, Foresite and Cyber Lantern have teamed up to provide SMEs with simple yet powerful SaaS compliance and security operations solutions. By combining Foresite's advanced data modeling and compliance automation with Cyber Lantern's advanced data modeling and compliance automation, customers will be better aware of their security posture. They will meet compliance audit readiness in days rather than months.
"Foresite was able to seamlessly integrate the robust Cyber Lantern platform into its ProVision solution to make it immediately market ready. Together, it is a powerful combination – providing a centralized 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," added Sloane Child, vice president at Elsewhere Partners, who helped oversee the acquisition.
Aside from product improvements, the acquisition adds a strong bench of security expertise to the Foresite team. All Cyber Lantern workers, including former National Security Agency (NSA) big data experts who spent two decades establishing military-grade security teams and developing US Department of Defense cyber platforms, will join Foresite immediately.
"There is a giant cyber security gap for SMEs, and the continued surge of attacks on smaller organizations prove that the hackers are well aware of that fact," noted 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 defense and compliance for SMEs and become an unstoppable force in the industry."