ReliaQuest made two significant announcements Wednesday morning as it evolves its automation capabilities: the launch of its GreyMatter Intelligent Analysis tool and completing its $160 million purchase of Digital Shadows.
According to the Tampa-based company’s release, enterprise companies’ security operations centers are navigating an increasingly complex environment. Analysts must utilize several tools while manually reviewing data to determine if a security alert is malicious or benign. Additionally, many security teams lack the visibility required to counter complex threats inside and outside their company’s networks.
The increasing preponderance of these alerts, combined with repetitive laborious tasks and a shortage of security technicians, prevents companies from “effectively identifying, investigating and mitigating the threats they face.”
“Many organizations know threat intelligence is important for their security mission,” said Brian Foster, chief product officer, in a statement. “Yet many struggle with an overwhelming amount of threat data and a lack of expertise to capitalize on their programs.”
Reliaquest, a security operations platform delivered as a service worldwide, focuses on increasing visibility, reducing complexity and managing risks “across the full security ecosystem.” That includes on-premises and hybrid clouds, networks and endpoints.
The GreyMatter Intelligent Analysis (GMIA) tool will help the company, which surpassed $100 million in annual recurring revenue this year, achieve those goals. According to the release, GMIA prevents alert fatigue that continues exhausting security teams of all sizes by automating the investigation process and lifecycle.
It also speeds up response time by providing answers and recommendations on how to assuage the alerts in 20 minutes or less.
Reliaquest also announced it closed its $160 million acquisition of Digital Shadows, which will increase the capability of its GreyMatter platform.
The company states that integrating Digital Shadows’ indicators of compromise into GreyMatter’s threat intelligence will help determine actionable solutions, provide weekly threat summaries and enhance the research coverage Reliaquest offers its clients.
“We’re thrilled that the enhancements to the GreyMatter platform and the initial integration of Digital Shadows will give our customers easy visibility to reduce risk in their organization,” added Foster.
When first announcing its intent to acquire Digital Shadows on June 1, Tampa’s ReliaQuest said it would absorb the platform’s 180 employees.
Following that announcement, CEO Briand Murphy said that integrating the two services “makes a lot of sense for our customers, our partners and both of our teams.”
“We have a responsibility and opportunity to leverage our collective expertise,” continued Murphy in the statement. “To tackle what I believe to be the largest technical challenge of our generation, cybersecurity.”
Other announced GreyMatter updates include: a redesigned homepage to enhance user experience, which features real-time security summaries of active alerts; ecosystem integrations that “ingests telemetry” from solutions like Microsoft Graph, Azure Active Directory and Sumo Logic to provide “unprecedented visibility and bi-directional integrations;” and Microsoft 365 E5 support, which delivers “singular visibility across the entire enterprise ecosystem” and “mitigates vendor sprawl.”
Reliaquest, which works with hundreds of Fortune 1000 organizations from its headquarters in Tampa and several global satellite locations, recently purchased new space in the Thousand & One building in the Water Street development.
ReliaQuest also replaced Outback Steakhouse as the title sponsor for the Tampa Bay Bowl in June. Traditionally held on New Year’s Day, the college football bowl game will now be known as the ReliaQuest Bowl for the next four seasons.