The Tyco-backed securities analytics provider has received approximately $60m in funding from Symphony Technology Group, representing a majority investment.
Symphony Technology Group (STG) purchased a 70% majority stake in RedSeal, the US-based cybersecurity analytics platform developer backed by fire protection and security company Tyco, on Wednesday.
The size of the deal was undisclosed, but VentureBeat reported that the investment took RedSeal’s total funding to $142m, which would place the size of the transaction at approximately $60m.
Founded in 2004, RedSeal has developed an analytics software platform that maps an organisation’s entire network security infrastructure to find weaknesses, risks and…
