Forescout Technologies News
46 articlesARIA Cybersecurity Solutions Partners with Forescout Technologies to Improve Production Application Protection from Sophisticated Cyberattacks
Forescout Named a Leader and Fast Mover in 2024 GigaOm Radar Report for Operational Technology (OT) Security
Forescout Forms Strategic Partnership with Microsoft to Secure Managed and Unmanaged Devices
Forescout AI Sets the Bar to Secure Customer Data and Deliver Powerful Decision-Making and Efficiency
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אחרי 23 שנה: פורסקאוט סוגרת את מרכז הפיתוח בישראל - כל העובדים יפוטרו
Israeli-American cybersecurity company Forescout is closing its development center in Israel. The announcement was made to employees recently. After previous rounds of layoffs, the company currently employs about 40 people in Israel in the fields of development and product, all of whom will be laid off.
Layoffs
Forescout Addresses Modern SecOps Challenges with Launch of Forescout XDR
Forescout Appoints Technology Veteran Barry Mainz as CEO
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Forescout fires 60% of Israeli R&D staff | CTech
Forescout Technologies, an Israeli-founded cybersecurity company, is laying off around 100 employees at its Israel R&D center, accounting for 10% of its total workforce. This is the second round of layoffs in the past four months. Forescout completed a $116 million initial public offering in 2017 and was acquired by private equity firm Advent International for $1.4 billion in 2020. The company had previously acquired Israeli startup CyberMDX for an estimated $80 million. Forescout provides cybersecurity automation across various digital platforms.
Layoffs
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פורסקאוט מפטרת מעל 100 אנשי סייבר בישראל
Israeli-American cybersecurity company Forescout is conducting extensive layoffs that significantly affect its development center in Israel. The company employs around 170 workers in Israel, and at least 100 employees are expected to be laid off. It is unclear how many more employees will be laid off in the future. The layoffs will be carried out gradually over the coming months. The article does not mention any specific date for the event.
Layoffs
Forescout Launches Continuum Timeline to Better Support Asset Compliance, Incident Investigations and Risk Reduction
growth-positive
Forescout Expands in Asia Pacific and Japan (APJ) with New Singapore HQ and India Customer Support Hub
Forescout Technologies Inc., a global leader in automated cybersecurity, has announced the creation of a new Asia Pacific headquarters in Singapore and a new support center in Pune, India. The new locations will serve both global customer support and regional operations. The company has also partnered with several global system integrator partners in India, including TCS, Infosys, HCL, Wipro & L&T, to consolidate global support and customer engagement.
ExpandPartners
Forescout and First Health Advisory Establish Healthcare Cybersecurity Partnership to Help Organizations Mitigate IT, OT and IoMT Risks
Forescout Completes its Acquisition of Cysiv to Deliver Automated True Threat Response
growth-positive
פורסקאוט רכשה את Cysiv תמורת 120 מיליון דולר -
Israeli-origin company ForeScout has acquired Cysiv, a company specializing in real-time cyber event identification. The acquisition amount was not disclosed, but it is known to stand at $120 million. Cysiv, based in Irving, Texas, has raised $26 million since its establishment in 2018. It developed a Security Operations Center (SOC) as a Service, which provides organizations with better identification and faster response to real threats. ForeScout was founded in 2000 and has more than 3,000 organizational customers, including Fortune 100 companies, and employs over 1,000 people worldwide.
Acquisition
Forescout Announces Intent to Acquire Cysiv to Deliver Data-Powered Threat Detection and Response
growth-positive
Forescout acquiring Israel's CyberMDX for $80 million
Forescout Technologies is acquiring CyberMDX, an Israeli cybersecurity startup, for an estimated $80 million. CyberMDX develops healthcare cybersecurity solutions for medical devices and clinical networks. The acquisition will see CyberMDXs 50 employees join Forescouts workforce. Forescout, which was acquired for $1.9 billion in 2020, aims to expand its capabilities in the healthcare market. CyberMDXs technology protects connected medical devices in hospitals and clinics from cyberattacks. The acquisition is expected to strengthen Forescouts position in the healthcare cybersecurity sector.
Acquisition
growth-positive
Forescout and Arista Expand Partnership with Combined Platform to Accelerate Zero Trust Segmentation
Forescout Technologies has expanded its partnership with Arista Networks to enable customers to reduce their attack surface and prevent unauthorized network communications. The partnership addresses the problem of adding more devices to flat and static networks. Forescouts eyeSegment is now integrated with Arista CloudVision, allowing customers to create, manage, and monitor group-based segmentation policies. The joint offering provides a simplified, centralized solution for software-driven Zero Trust security. The expansion of the partnership is expected to have a positive impact on Forescouts growth.
Partners
growth-positive
Atos and Forescout Technologies secure Hard Rock Stadium
Atos and Forescout Technologies have developed a cybersecurity solution for the critical infrastructure of Hard Rock Stadium in Miami Gardens, Florida. The solution was implemented in February 2020 and successfully secured and managed the stadiums infrastructure for Super Bowl LIV. The joint solution utilized real-time monitoring techniques to protect over 7,100 IT, IoT, and OT devices. As a result, more than 600 security events were flagged, 400 new OT devices were secured, and over 1,200 point-of-sale devices were monitored. The solution provided a new level of security and ensured a consistent experience for fans and spectators. Atos and Forescout Technologies are working together to reduce the attack surface and protect the stadium from cybersecurity threats.
Partners
growth-positive
Forescout Advances Industrial IoT and OT Security
Forescout Technologies, Inc. has announced the expansion of its partner ecosystem to create a cohesive infrastructure for monitoring and mitigating threats and emerging risks across IT and operational technology (OT) environments. The company has expanded partnerships and integrations with Splunk, CrowdStrike, and CyberArk to bridge security gaps and strengthen the cyber-physical risk posture. The partnerships enable organizations to improve operational integrity, manage security threats, and deliver advanced insights and rapid response. The integrations provide cohesive and contextual insights of all assets, defend against operational failures and cyberattacks, and enable threat detection and response. Forescouts expanded partnership with CrowdStrike includes joint threat hunting in IoT and ICS/OT infrastructure. The companys platform also integrates with the CyberArk Privileged Access Security Solution to centrally discover, manage, and secure privileged accounts across a broader range of devices.
Partners
growth-positive
Forescout Names Merlin International Partner of the Year
Forescout Technologies, Inc. has awarded Merlin International, Inc. as its U.S. Partner of the Year. This recognition is based on Merlins top performance, best-in-class customer service, and cybersecurity excellence. Merlin has been a valued partner of Forescout since 2016, delivering cybersecurity solutions to highly regulated industries. They have been instrumental in driving Forescout sales and increasing the companys enterprise value. Forescout and Merlin have a longstanding and valuable relationship, and they will continue to collaborate in securing environments from the risks of unmanaged devices, including IoT.
Partners
growth-negative
Ex-Symantec CEO Greg Clark To Become New Forescout CEO
Forescout is undergoing a series of leadership changes, including the exit of CEO Mike DeCesare, CRO Steve Redman, and global channel chief Jonathan Corini. Former Symantec CEO Greg Clark is set to take over as CEO of Forescout on October 1. This comes after Forescouts contentious sale to Advent International. DeCesare will join Clark as co-chair of Forescout’s board. The company hopes the leadership changes will help improve execution and reduce churn in its product management and engineering organizations.
Management ChangesAcquisition
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https://www.israeldefense.co.il/en/node/45246
Forescout Technologies has been selected by the U.S. Department of Defense (DoD) to expand cybersecurity across its global enterprise. The DoD has chosen Forescouts technology as the foundation of its Comply to Connect (C2C) initiative, a security framework to provide assurance for authentication, compliance assessment, and automated remediation of devices connecting to the DoD information network. The multi-year C2C program will be adopted by all branches of the U.S. Armed Forces and other entities operating within the DoD framework. This selection is a significant validation of Forescouts team and technology. The C2C program is one of the largest government cybersecurity initiatives in the world and includes a wide array of mission-critical systems, such as IoT devices and industrial control systems.
CustomersPartners
Advent International Completes Tender Offer for Shares of Forescout Technologies
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Forescout Sets a New Standard for Securing the Enterprise of Things
Forescout Technologies, Inc. has announced new capabilities and platform updates to deliver an active defense for the Enterprise of Things (EoT). The companys latest innovations help accelerate Zero Trust adoption, enable IT-OT convergence, reduce threat exposure, and contain breach impact. The updated platform includes new integrations with Forescout eyeInspect and Medigate for enterprise-wide Zero Trust segmentation. Forescout eyeInspect also delivers new innovation in operational technology (OT) and industrial control system (ICS) protection. The company provides enhanced segmentation enforcement capabilities for IT-OT convergence through its eyeExtend modules. The article highlights Forescouts focus on securing the Enterprise of Things and its ability to isolate, automate control, and take action across any asset to mitigate risk.
CustomersPartners
growth-positive
Forescout and ServiceNow Advance Partnership to Protect Critical Infrastructure from Cyber Threats
Forescout Technologies, Inc. has announced its latest technology integration enhancements with longtime partner, ServiceNow. The integration aims to improve asset intelligence and threat prevention, detection, and response for industrial control systems (ICS) and operational technology (OT) environments. The partnership between Forescout and ServiceNow will help eliminate network blind spots, reduce manual tasks, and improve security in the OT and industrial IoT landscape. The integration allows security teams to make informed decisions based on device type and environment, improving performance metrics such as mean time to resolve (MTTR). Customers using Forescout to monitor OT and ICS environments can leverage ServiceNows configuration management database (CMDB) platform for more efficient asset, service, and security management. The integration also enables automated device discovery, CMDB updates, and prioritized remediation or incident management workflows based on risk level.
Partners
growth-negative
Forescout acquisition comes back to life
Private equity firm Advent has made a renewed offer to acquire Forescout Technologies at a lower price of $29 per share, implying a valuation of $1.4 billion. This comes after a previous deal fell through and legal proceedings were about to begin. Forescouts board of directors recommends shareholders to accept the offer, which is expected to close in the third quarter. The main beneficiaries from the sale will be investment giant Blackrock, Israeli venture capital fund Pitango, and UK fund Amadeus.
Investment
growth-negative
Forescout Commences Litigation Against Advent International
Forescout Technologies has filed a complaint against Advent International Corporation for violating the terms of their merger agreement. Forescout is asking the court to compel Advent to complete the pending acquisition. Advent has claimed that a material adverse effect has occurred at Forescout due to the COVID-19 pandemic, but Forescout believes this is a meritless excuse. Forescout is confident in its financial position and the strength of its business. The Forescout Board conducted a thorough due diligence process prior to the announcement of the acquisition. The article does not mention any specific customers or the valuation or acquisition amounts. The event described in the article occurred on May 20, 2020.
Acquisition
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Advent Delays $1.9 Billion ForeScout Acquisition
The acquisition of cybersecurity company ForeScout Technologies Inc. has been postponed and will not be completed as scheduled. Advent International Corp. and Crosspoint Capital Partners agreed to acquire ForeScout in a $1.9 billion cash deal. ForeScout intended to delist after the completion of the deal. Advent informed ForeScout that it will not complete the transaction on time, and the companies are in ongoing discussions concerning the timing and terms of completion. Research firm Spruce Point Capital raised concerns about ForeScout potentially violating conditions of the sale agreement due to weak results in the first quarter of 2020.
Acquisition
growth-positive
Forescout Updates Platform to Empower Enterprises to Identify and Act on High-Risk Devices - Faster
Forescout Technologies, Inc. has announced new updates to its platform that will transform the way organizations secure devices at scale. The updates provide customers with the ability to defend themselves by identifying and securing high-risk devices, including IoT and OT systems. The platform leverages the Forescout Device Cloud, the largest knowledgebase of enterprise devices, and supports over 2 million devices across IT, IoT, and OT in a single implementation. The updates include a new user interface, an app ecosystem for extending the platforms capabilities, support for public cloud deployments, enterprise-wide macro segmentation, OT security and risk management features, and network access control in Arista environments.
CustomersPartners
growth-negative
Delisting Will Allow Forescout to Do Things a Public Company Can't, Says Exec
Forescout Technologies Inc. has been acquired by Advent International Corp. and Crosspoint Capital Partners in a $1.9 billion deal. The acquisition will lead to Forescout delisting from Nasdaq. Co-founder Oded Comay stated that the acquisition is part of a strategic plan to transition from a lifetime license business model to cloud services. This change will result in a temporary dip in revenues. The companys structure and management will remain unchanged, and Crosspoint Capitals role in the deal is considered significant. Israeli venture capital firm Pitango Venture Capital, an early investor in Forescout, holds a 6% stake in the company.
AcquisitionPublic Trading
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Forescout to be acquired by a pair of private equity firms for $1.9B
Forescout, a network security company, is going private again through an all-cash acquisition by private equity firms Advent International and Crosspoint Capital for $1.9 billion. The acquisition comes after Forescout reported a bad revenue miss, blaming extended sales cycles. The deal is not yet finalized, but if no better suitor is found, it is expected to close in the second quarter.
Acquisition
growth-positive
Forescout Transforms Enterprise-Wide Network Segmentation with Release of Cloud-Based eyeSegment
Forescout Technologies has launched a new cloud-based offering called Forescout eyeSegment, which aims to transform enterprise-wide network segmentation. The offering helps organizations secure critical applications, mitigate IoT device exposure, and limit threats across flat networks. Forescout eyeSegment allows organizations to define and implement holistic network segmentation across various networks. It provides capabilities such as translating IP-connected entities into context and groups, visualizing device communication and behavior, designing and visualizing policies, monitoring and automatically responding to policy violations, and orchestrating enforcement solutions. The launch of Forescout eyeSegment is expected to have a positive impact on the growth of Forescout Technologies.
CustomersPartners
growth-positive
ForeScout to expand Israel development center
Cybersecurity company ForeScout Technologies Inc. is expanding and hiring new employees for its development center in Tel Aviv. The company currently has 20% of its 1,100 employees worldwide in Tel Aviv and plans to increase the number by dozens. ForeScout provides solutions for the security and control of connected devices in organizations. The companys market value has doubled since its IPO and its share price is currently $38.70. Analysts believe that the companys value has the potential to grow, with an average target price of $47.60. ForeScouts revenue in 2018 was $298 million, a 32.6% increase from the previous year. The largest shareholders in ForeScout are Amadeus Capital Partners and Pitango Venture Capital.
Expand
growth-negative
Pitango sells Forescout shares for $46m
Pitango Venture Capital, one of the earliest investors in Forescout Technologies Inc., sold some of its shares in the company, reducing its holding to 5.5% as of the end of 2018. Other funds such as Meritech Capital Partners, Accel, and Amadeus also sold their shares in Forescout. Forescout, a US-Israeli company, had its first offering on Nasdaq in 2017 and currently has a market cap of $1.6 billion. Pitango invested in Forescout in 2001 at a company value of $15 million. Pitangos holdings following the Nasdaq offering amounted to 11.4% of Forescouts shares. Pitango took advantage of the rise in share price and Forescouts secondary offering in March 2018 to sell part of its holdings for $14.3 million.
Investment
growth-positive
ForeScout Named One of the Fastest Growing Companies in North America on Deloitte's 2018 Technology Fast 500™
ForeScout Technologies, Inc. has been named on Deloittes Technology Fast 500 for the third year in a row. The ranking recognizes the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. ForeScout Technologies focuses on providing agentless visibility and control of traditional and IoT devices for Global 2000 enterprises and government agencies. The company aims to help organizations accelerate incident response, automate workflows, and optimize existing investments. The article highlights the importance of device visibility in network security and the increasing number of devices coming online. ForeScout Technologies is committed to closing the visibility gap through its platform. The article also mentions the growth of software companies and their contributions to innovations in artificial intelligence, predictive analytics, and robotics.
Customers
growth-positive
Israeli Cybersecurity Company ForeScout Buys SecurityMatters
ForeScout Technologies, Inc. has acquired SecurityMatters B.V. for approximately $113 million in cash. SecurityMatters provides network monitoring and threat detection services for industrial environments. ForeScout, a cyber company, develops and markets software for monitoring organizational networks. ForeScout reported a 23% increase in total revenues for the third quarter of 2018 compared to the same period in 2017.
Acquisition
https://investors.forescout.com/news-releases/news-release-details/forescout-teams-kpmg-further-extend-its-visibility-and-control
growth-positive
ForeScout files to raise $160m in secondary offering
ForeScout Technologies Inc., a cybersecurity company, has seen a 57% increase in its share price since its Nasdaq IPO five months ago. The company is now planning a secondary offering to raise up to $160 million. The underwriters for the offering are Morgan Stanley, JP Morgan, Citigroup, Stephens, UBS, and KeyBanc Capital. The proceeds from the offering will be used for various purposes including paying withholding tax, employee obligations, working capital, marketing and sales activity, product development, and capital expenses. ForeScouts shareholders are currently in a lockup period, but it will expire on April 25. The companys revenue grew 32.4% in 2017 and it has provided guidance for 2018 with expected revenue growth and a net loss per share.
Public Trading
growth-positive
IoT security co ForeScout raising $116m in Nasdaq IPO
ForeScout Technologies, an IoT cybersecurity company, is raising $116 million in its Nasdaq IPO at a company value of $816 million. The offering is expected to close on October 31. ForeScout has developed network security tools and management for IoT devices and was founded in Israel in 2000. The companys shareholders include Pitango Venture Capital, Amadeus Capital, Accel, Meritech, and Wellington Management. The underwriters have been granted a 30-day option to purchase additional shares. Morgan Stanley, J.P. Morgan, Citigroup, BofA Merrill Lynch, UBS Securities, and KeyBanc Capital Markets are acting as managers for the offering.
Public TradingInvestment
growth-positive
ForeScout Technologies Files For $100M Nasdaq IPO
Israeli-founded information security company ForeScout Technologies has filed for a public offering of up to $100 million. The company intends to trade on Nasdaq under the symbol FSCT. ForeScout has raised more than $125 million to date.
Public Trading
growth-positive
ForeScout Technologies filed confidentially for IPO
ForeScout, a network security company, has filed confidentially for an IPO. The companys last private round valued it at $1 billion. ForeScout helps enterprise and government customers identify and manage devices connected to their networks. The IPO is expected to happen in the next few months. ForeScouts revenue for fiscal 2015 was $126 million. The company has seen strong growth under the leadership of CEO Michael DeCesare. By securing internet-connected devices, companies can protect themselves from intrusion and prevent distributed denial of service attacks. Last year was a slow year for tech IPOs, but the ones that went through performed well.
Public Trading
growth-positive
The birth of a unicorn: The story of an Israeli startup worth a billion dollars
ForeScout Technologies, a cybersecurity firm, has reached a valuation of $1 billion after raising $76 million in funding. The company, founded in 2000, specializes in network security and counts large banks, medical institutions, and national governments among its customers. Unlike many startups, ForeScout was founded by experienced entrepreneurs and has taken years of patience, consistency, focus, and hard work to achieve its current success. The company plans to continue investing in growth and may consider an IPO in the future. ForeScouts technology allows organizations to identify and secure all endpoint devices on their networks, including computers, IP cameras, and network printers. The company has 2,000 paying customers in 60 countries and employs 600 people.
InvestmentExpand
Unknown
http://www.marketwired.com/press-release/forescout-network-visibility-survey-identifies-significant-vulnerabilities-global-2000-2104316.htm
The article does not provide any information about a specific company or event.
growth-positive
ForeScout Foresees IPO After $76 Million Round Led By Wellington Management
ForeScout, a security company, has announced a $76 million investment round led by Wellington Management, bringing its total funding to over $121 million. The investment values the company at $1 billion, making it a member of the unicorn club. ForeScouts CEO, Michael DeCesare, revealed that the company is considering an IPO. ForeScout helps organizations detect unknown devices on their networks, which is becoming increasingly important as more Internet of Things devices connect to enterprise networks. The company plans to use the funding to double its research and development team, enhance its tech support team, and increase sales capacity. ForeScout aims to add around 300 employees this year, with a potential increase to 900 by the end of the year.
InvestmentExpand
growth-positive
Intel Security, ForeScout Team Up For Extended IoT, BYOD Security
ForeScout Technologies and Intel Security have partnered to better secure the Internet of Things and BYOD landscape. The integration ties together ForeScouts CounterAct security platform with McAfee Threat Intelligence Exchange (TIE) through the McAfee Data Exchange Layer (DXL). This integration allows ForeScout to identify known and unknown devices connected to the network and scan them for threats. The partnership between ForeScout and Intel Security has been ongoing since 2008, and the integration provides an opportunity for partners to get more value from their existing investments and meet compliance needs. The solution is now generally available, with pricing starting at $560 for licenses up to 100 endpoints.
Partners
growth-positive
ForeScout Technologies raises $12 mln from Accel Partners and Pitango
ForeScout Technologies has completed its first institutional funding round, raising $12 million from Accel Partners and Pitango Venture Capital. The funding will help the company penetrate the market quickly and realize its product development plans. ForeScout is developing network security products that aim to improve the security of corporate networks while reducing costs and effort. The company has an R&D center in Tel-Aviv and is establishing its headquarters in the US. The investment from Accel Partners and Pitango Venture Capital demonstrates confidence in ForeScouts security solutions. Network security is a top concern for businesses, and ForeScouts technology is expected to significantly enhance network security for communication, collaboration, and transactions.
Investment
