Ivanti, an automation business that discovers, manages, secures, and services IT assets from cloud to edge, has acquired RiskSense, a tech company offering risk-based vulnerability management and prioritization.
“Over the past two years, cyberattacks such as ransomware have crossed the line from being a nuisance to truly disrupting society,” said Srinivas Mukkamala, CEO of RiskSense. “And unpatched vulnerabilities remain one of the common points of infiltration into organizations’ ecosystems. I’m committed to the global fight against ransomware. And I truly believe that the combination of risk-based vulnerability prioritization and automated patch intelligence can help organizations reduce their exposure and make a major impact in global cyberspace. Together, RiskSense and Ivanti will help customers drive operational efficiencies and defend against the next wave of sophisticated cyber threats, including ransomware attacks.”
“Ivanti has been a leader in patch management for many years, but the acquisition of RiskSense will take our capabilities to an even higher level,” said Jim Schaper, Ivanti Chairman and CEO. “This combination will allow us to provide our customers with a holistic view of vulnerabilities and exposures, and then enable them to take fast action through Ivanti Neurons for Patch Intelligence. Customers will be able to greatly reduce their attack surface and risk of breach because of the vulnerability intelligence and the resulting remediation prioritization based on actively trending exploits and ransomware attacks.”
Ivanti is a private company backed by investors Clearlake Capital Group LP, Charlesbank Capital Partners and TA Associates. BMO Capital Markets acted as exclusive financial advisor to Ivanti and Momentum Cyber acted as exclusive financial and strategic advisor to RiskSense on this transaction. Fenwick & West LLP acted as counsel to RiskSense. And Sidley Austin LLP acted as counsel to Ivanti.