Forcepoint acquired RedOwl for $54M - Technical.ly Baltimore

Business

Oct. 30, 2017 12:05 pm

Forcepoint acquired RedOwl for $54M

The Federal Hill cybersecurity company joined the Raytheon subsidiary in August.

The offices of RedOwl Analytics.

(Photo courtesy of MDBizNews)

An SEC filing issued by Raytheon last week revealed the price of the acquisition deal for Federal Hill–based RedOwl that was announced in August.

Forcepoint, which is a subsidiary of Raytheon, acquired RedOwl for $54 million in cash, according to the filing. The purchase price did not include retention payments, the filing states. The price was first reported by CityBizList.

The filing states RedOwl will be integrated into the company to “expand and enhance Forcepoint’s strategy to deliver cybersecurity systems that help customers understand people’s behaviors and intent as they interact with data and intellectual property wherever it may reside.”

RedOwl, which was one of a number of startups to congregate around the intersection of Light and Cross St. in Federal Hill around 2012, raised $24.45 million, according to Crunchbase, including a $17 million Series B round in 2015.

When the acquisition was announced in August, a Forcepoint spokesman said RedOwl’s Baltimore office would remain. RedOwl cofounder Guy Filippelli became a vice president with Forcepoint, and called the acquisition a “great day” for Baltimore.

Companies: RedOwl Analytics
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Mayor: City of Baltimore will have to rebuild some IT systems to recover from cyber attack

City of Baltimore ransomware attack affects home sales, payments and more

Maryland’s ID Agent acquired by Kaseya

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

Whitebox

Javascript Developer

Apply Now
Baltimore

14 West

Reporting Analyst

Apply Now

Morgan State’s HBCU Blockchain Summit convenes researchers to discuss future of fintech

The City of Baltimore was hit by a ransomware attack

What’s driving Maryland cybersecurity’s economic growth?

SPONSORED

Baltimore

How SmartLogic accelerated these startups’ product growth trajectories

Baltimore

14 West

Project Analyst

Apply Now
Baltimore

14 West

Senior Java Software Engineer

Apply Now
Baltimore

14 West

Project Specialist

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!