SECURITY
SECURITY
SECURITY
Deloitte & Touche LLP, a division of Deloitte Touche Tohmatsu Ltd., announced today that it has acquired cybersecurity company Root9B LLC for an undisclosed price.
Founded in 2011, Root9B offers a range of cybersecurity products, services and training with what it describes as a “revolutionary human-led, technology-accelerated approach.” The company’s main offering, called “Orkos,” provides what it said is a cost-effective way to manage and reduce risk without adding complexity to a security stack. Orkos is said to have reduced insider and external threat risks that would leverage weak or stolen credentials to compromise information technology networks.
Root9B’s offering, at least prior to acquisition, had a particular focus on cybersecurity for remote workforces amid the ongoing COVID-19 pandemic. “No one could have planned for a global health-crisis that would force +80% of our nation’s workforce to work remotely, quite literally, overnight,” the company said on its website. “This sudden transition has forced every enterprise to extend its business network into unknown and untrusted home environments where the attack surface has broadened, and risk has increased exponentially.”
For Deloitte, the technology acquired from Root9B will be used to bolster Deloitte’s existing Detect and Respond cyber client offering. With the addition of R9B’s business, Deloitte’s Cyber Detect and Respond offering is said to continue to help clients gain a leading edge in cyber defense, integrate fragmented security toolsets, achieve efficiencies in security operations programs, accelerate response time to potential threats and provide data-driven threat insights.
“Adding R9B’s business to our existing cyber practice is just one more way we’re accelerating meaningful investments into the innovative approaches we offer our clients as they work to manage emerging threats,” John Peirson, Deloitte Risk and Financial Advisory chief executive officer, said in a statement.
Prior to its acquisition, Root9B had raised $2.25 million, according to Pitchbook. The only listed investor in the company was Tracker Capital Management.
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