Latest Acquisition Brings Advanced Machine Learning and User and Entity Behavioral Analytics (UEBA) to an Already-Deep Security, Risk & Governance Portfolio
SUNNYVALE, CA – Micro Focus (LSE: MCRO; NYSE: MFGP) today announced the acquisition of Interset, a worldwide leader in security analytics software that provides highly intelligent and accurate cyber-threat protection. The addition of this predictive analytics technology adds depth to Micro Focus' Security, Risk & Governance portfolio, and aligns with the company's strategy to help customers quickly and accurately validate and assess risk as they digitally transform their businesses.
Interset unlocks the power of user and entity behavioral analytics (UEBA) and machine learning to furnish security professionals with the most-advanced technique for executing rapid and accurate threat-detection analysis. The technology will accelerate Micro Focus' delivery of a more-robust UEBA offering, and help drive deeper data insights across security and operations that are necessary to execute on the company's SecOps Analytics vision.
"Security is at the heart of every organization, and perhaps never more so than as they implement their digital transformation initiatives and leverage emerging technologies to better predict and take action on credible threats," said John Delk, Senior Vice President and General Manager of Security, Risk & Governance at Micro Focus. "Micro Focus recognized that an even more advanced analytics ecosystem was needed to assist in this journey, and we identified Interset as a critical addition to our strategy."
Interset has achieved a strong reputation in the market with software that has been proven in key verticals – energy, critical infrastructure, high-tech, aerospace, defense and government – where threat detection is at a premium. The technology will supplement Micro Focus' Big Data analytics software, Vertica, and add additional value to Micro Focus ArcSight – the world's leading real-time correlation engine – to deliver a highly differentiated cyber-security solution.
"The combination of the Interset technology with Micro Focus' broad security portfolio is a powerful combination that will produce a level of protection that will be unmatched in the market," said Mark Smialowicz, Interset's Chief Executive Officer. "Our 'Data In, Intelligence Out' methodology will deliver an even-more complete set of benefits for our combined customers – allowing them to leverage near real-time information to address both immediate- and long-term threats."
Key attributes of the Interset technology include:
Momentum Cyber acted as exclusive financial advisor to Interset, Strategic Capital Associates acted for Micro Focus and the acquisition is effective immediately. Terms of the deal were not disclosed.
For more information on Micro Focus' Security, Risk & Governance solutions, visit here.
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About Micro Focus
Micro Focus helps organizations run and transform their business through four core areas of digital transformation: Enterprise DevOps, Hybrid IT Management, Predictive Analytics and Security, Risk & Governance. Driven by customer-centric innovation, our software provides the critical tools they need to build, operate, secure, and analyze the enterprise. By design, these tools bridge the gap between existing and emerging technologies—enabling faster innovation, with less risk, in the race to digital transformation.
Interset develops and provides highly intelligent and accurate cyber-threat protection software for insider and targeted outsider threat detection. The company's software unlocks the power of user and entity behavioral analytics (UEBA), machine learning, and Big Data to provide the fastest, most flexible way for IT security teams to regain control, enabling rapid and accurate threat detection capabilities. Interset augments a wide range of security applications by correlating multiple classes of time series data and analyzing to remove false positives and prioritize risk, allowing security teams to stop the theft of sensitive data.
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