Funding to accelerate growth
New York, NY – March 16, 2015 – RedOwl Analytics, the security analytics firm, today announced that it closed a strategic investment from Blackstone. The funding will help RedOwl accelerate the development of its insider-risk detection platform, IP loss detection capabilities and expand its global go-to-market activities. RedOwl’s software platform, Reveal, applies advanced analytics to the digital exhaust of modern enterprises to fundamentally tackle both compliance and security challenges.
“We are thrilled to partner with Blackstone,” explained Guy Filippelli, the CEO of RedOwl. “The security community has been very focused on external threats, and thus organizations spend most of their resources defending their perimeters. Yet virtually every study has concluded that most threats originate from the inside. Blackstone’s investment will help us both accelerate the development of our platform and our go-to-market activities.”
“Our relationship with RedOwl began when we brought them onboard to help secure Blackstone; and, when we saw the value RedOwl added, we quickly decided to also pursue an investment in their organization. As a Chief Information Security Officer, I have seen many approaches that make incremental progress towards improving security, yet very few that have had the potential to truly change the way we think about securing the firm. RedOwl is one of those companies. It is squarely focused on moving beyond the perimeter and securing the inside of an organization,” said Blackstone’s Jay Leek.
RedOwl’s holistic approach to security, delivered through its Reveal Platform, fuses communications, digital, financial, and physical data in one place, and looks for changes, patterns and anomalies in behavior. Reveal anticipates future activity and reports, rather than alerts, thus providing end user answers and proactively identifying risk inside an organization.
“Beyond security, we are also delivering value to control, compliance, and audit professionals at major financial institutions by enabling them to proactively monitor risk,” added Brian White, COO of RedOwl. “We believe that the compliance and security challenge is the same, as both demand combining disparate data sources, applying advanced mathematics, and delivering actionable insights.”
About RedOwl Analytics
RedOwl Analytics offers a cutting-edge analytical solution to security, compliance, and investigative use cases. RedOwl’s flagship product, Reveal, provides immediate value to forward-leaning organizations that understand the massive potential of their untapped internal data sources in improving oversight and reducing risk. For more information, visit www.redowlanalytics.com.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with almost $300 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.