AnubisNetworks purchase delivers unique data quality, breadth and innovation to BitSight’s Security Ratings
CAMBRIDGE, MA – Oct. 21, 2014 – BitSight Technologies, the standard in Security Ratings, today announced the acquisition of AnubisNetworks, a real-time data threat provider based in Porto, Portugal. The integration of AnubisNetworks extends BitSight’s position as the leading provider of information security ratings for organizations around the world. AnubisNetworks is already incorporated into the BitSight technology, and it will continue to serve as a key provider of the data that drives BitSight’s world-class ratings.
“Anyone can score a company’s information security, but it takes a powerful analytics technology like the AnubisNetworks platform to provide the quality, breadth and innovation necessary to truly rate a company’s security effectiveness,” said Shaun McConnon, CEO of BitSight Technologies. “We are delighted to be able to leverage the unique technology, cyber skills and business friendly environment that we have encountered in Portugal.”
Security Ratings are critical for effective vendor risk management, security performance benchmarking, cyber insurance underwriting and portfolio management. BitSight observes security events and configurations, such as communication with a botnet, malware distribution and email server configuration, and factors in severity, frequency and duration to generate objective Security Ratings.
While still drawing from a broad set of data inputs across the industry, BitSight will leverage AnubisNetwork’s security data management and analysis expertise to improve the three core components of data inputs included in the ratings process:
“The combination of BitSight Technologies and AnubisNetworks marks a dramatic shift in the industry of security ratings,” said Francisco Fonseca, CEO and co-founder of AnubisNetworks. “By integrating our diverse and voluminous cyberfeeds, along with our framework for rapidly incorporating new data sources, we will undoubtedly impact the security ratings space. We’re looking forward to formally joining the BitSight team and are excited about the market opportunities to come.”
This is an acquisition of both technology and people. AnubisNetworks will continue to operate as a subsidiary of BitSight Technologies.