Bitsight acquires Cybersixgill for $115 million

BitSight Technologies, Inc. announced an agreement Thursday to acquire the cyber threat intelligence firm Cybersixgill for $115 million.

Bitsight, a more than decade-old security rating company, aims to use the real-time intelligence collected by the Tel Aviv-based data firm to mitigate customer supply chain threats. Cybersixgill, formed in 2014 and formerly called Sixgill, looks at data from the deep and clear web, including chat groups, as well as underground criminal forums markets where specialized software is needed.

Bitsight, a Boston-based firm, said that the threat intelligence from Cybersixgill will provide customers with greater visibility into an organization’s increasingly complex supply chain.

“With the integration of Cybersixgill’s team and technology, we can deliver even deeper insights to Bitsight customers about the targeted threats unique to their infrastructure. We’re committed to investing in Cybersixgill’s industry-leading products and will continue to drive innovation to bring even greater value to customers,” Bitsight CEO Steve Harvey said in a statement.

Cybersixgill CEO Sharon Wagner said in a statement that the company expects to add to threat intelligence solutions with access “to an even more comprehensive set of cyber risk analytics, including Bitsight’s rich vendor risk insights.”
Thursday’s announcement follows a number of deals with cyber companies. This week, the managed service provider Trustwave and the software company Cyberreason announced a merger for an undisclosed amount. Additionally, Sophos moved to buy Secureworks in October and Check Point Security Technologies acquired Cyberint in August.