MDR firm Pondurance acquires cybersecurity assessment provider Bearing Cybersecurity
Based in Rockwall, Texas, Bearing develops software solutions across different industries, including financial services, private equity, health, retail, transportation and entertainment. The company offers its software both directly and through a managed cybersecurity program.
Bearing was created with the mission of assisting businesses in understanding their security gaps and crafting a custom solution to mitigate those gaps at an affordable price. The company also provides training and advice to customers so they can maintain themselves and make cybersecurity part of their corporate DNA.
Under the deal, Pondurance will integrate Bearing Cybersecurity’s flagship cloud-based platform, MyCyberScorecard, into its portfolio of advisory and managed services solutions. MyCyberScorecard analyzes and visualizes an organization’s cybersecurity exposure to identify and prioritize the most significant gaps while developing a plan for cyber resilience.
The platform’s assessment capabilities deliver a health score called MyCyberScore that highlights potential corporate cybersecurity gaps and provides essential remediation recommendations.
“One of many issues in the industry is the disconnect between cyber risk and cyber operations, especially when security policies and controls should be aligned to drive security operations but are often not,” Doug Howard, chief executive officer of Pondurance, said in a statement. “Joining these components and operationally aligning them to reduce risk by understanding your largest cyber gaps is critical. The MyCyberScorecard is a foundational element for Pondurance’s vision to help customers close these gaps.”
Pondurance, founded in 2008, delivers technology-enabled and compliance advisory solutions. The company’s existing platform and team are said to empower companies to manage reputational, financial and regulatory risk by developing and executing cybersecurity and compliance solutions.
The company has over 200 clients across the U.S. Notable customers include Finish Line Inc., F. Hoffmann-La Roche AG, Stericycle Inc., Toyota Motor Co., hc1.com Inc., Angie’s List Inc., Ball State University and Ohio Health.
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