RiskLens acquired by California company
Spokane business’s CEO, co-founder to remain in leadership positionsAugust 17th, 2023
Spokane-based cybersecurity and risk management company RiskLens has been acquired by Palo Alto, California-based Safe Security for an undisclosed amount, according to a press release.
Representatives from RiskLens or Safe Security couldn’t be reached immediately for comment.
According to the press release, Safe Security, a cyber risk management company, will combine its artificial intelligence-powered automated cyber risk management platform, SAFE, with the RiskLens-authored cyber risk quantification standard, named FAIR, which stands for Factor Analysis of Information Risk.
“As part of our roadmap, we will be embedding the FAIR decision-science methodology into our Cyber Risk Cloud of Clouds platform that processes over 3 billion signals per day, enhancing the defensibility of our AI-driven breach prediction and prevention recommendations,” says Saket Modi, CEO of Safe Security, in the release. “This acquisition accelerates our mission of becoming the de-facto industry standard to measure, manage, and transfer cyber risk.”
Nick Sanna, the former CEO of RiskLens, says that customers had been asking to combine the FAIR analyses with automation to scale their cyber- and enterprise-risk management practices. According to the press release, Sanna will join Safe Security and continue to lead the FAIR Institute, a nonprofit organization led by information risk officers, chief information security officers, and business executives.
FAIR author and RiskLens co-founder Jack Jones says, “I developed FAIR as a way for organizations to define, measure, and manage cyber risk from the business perspective. I am excited to have RiskLens join forces with Safe Security and cannot wait to take part in the extraordinary advancements that will emerge from this combination.”
As part of the acquisition, Jones will join Safe Security as its chief research scientist and will continue to act as chairman of the FAIR Institute.
As previously reported by the Journal, RiskLens was founded in 2011. As of November 2020, the Spokane company was headquartered at 601 W. Main, in downtown Spokane, and had about 100 employees.