Digital Guardian

Last updated
Digital Guardian
FormerlyVerdasys
Industry Data security
Founded2003;21 years ago (2003) (as Verdasys)
Headquarters
Waltham, Massachusetts
,
U.S.
Number of locations
Area served
Global
Key people
  • Mo Rosen President & (CEO)
  • Susan Walker (CFO)
  • Constance Stack (CMO)
  • Debra Danielson (CTO) & SVP, Engineering
Products
BrandsDigital Guardian
Services Managed security services
Number of employees
375 [2]  (2016)
Websitewww.digitalguardian.com

Digital Guardian is an American data loss prevention software company that sells products to detect and prevent malicious actions by user and malware on endpoints. Its software is designed for both individual user and corporate networks, servers, databases, and the cloud.

Its customers include about 300 Global 2000 companies. [3] [4]

History

The company was founded in 2003 under the name Verdasys. [5] Verdasys' flagship product was Digital Guardian, a data-centric security platform monitoring and encrypting all proprietary or sensitive information passing through a desktop, laptop, or enterprise server. [6]

In 2008, Verdasys launched SiteTrust, an encryption software service for banks, brokerages, and other big companies that served customers over the Internet and were legally liable for losses from online fraud. Its client-side software package turned on whenever the user visited a website protected by the SiteTrust service and spawned a new instance of the user's web browser, shutting out malware and creating a secure space around all communications with the protected site. [6]

An agreement between Verdasys and Fidelis Security Systems (now Fidelis Cybersecurity) in 2010 enabled customers to acquire and implement an integrated solution consisting of Fidelis XPS network appliances and Digital Guardian enterprise information protection in a single offering from Verdasys. [7]

In early 2012, Verdasys expanded its data leak prevention portfolio to the cloud to help enterprises protect their data stored on their networks and reduce costs. When a large insurance company requested Verdasys to take over the job of monitoring and protecting the data, Verdasys introduced two new offerings: Managed Service for Information Protection (MSIP) and Information Protection as a Service (IPaaS), offering data protection as a managed service. [8] The Digital Guardian platform completed EAL2+ evaluation under the Communications Security Establishment's Common Criteria Evaluation and Certification Scheme in December 2012. [9]

Verdasys introduced a data connector in 2013 that contained malware threats detected by FireEye's platform. Before Verdasys' connector, the malware had to be handled manually. [10]

Ken Levine, previously a McAfee executive, joined the company as CEO in 2014 and focused on simplifying its product. In March, Verdasys raised $12 million in venture funding, bringing the company's total capital raised to $69 million. [11] The funding round was led by existing investors GE Pension Trust and Fairhaven Capital, with a new, individual investment from Brookline Venture Partners. [5]

In March 2014, Identity Finder LLC partnered with Verdasys, bringing its Sensitive Data Manager, capable of automatically finding, classifying and securing sensitive information. [12] In August of the same year, Verdasys changed its name to Digital Guardian and increased its staff to 150.

In October 2014, the company acquired Armor5, a provider of cloud control solutions focusing specifically on preventing employees who bring their own mobile device to work from copying and removing company files or data. [13] [14]

In May 2015, the company acquired Savant Protection, enabling IT organizations to deploy a unique agent for whitelisting the applications that can be used on any particular endpoint. [15] When Blue Coat Systems launched the Alliance Ecosystem of Endpoint Detection and Response in July 2015, Digital Guardian was among the alliance-founding members. The ecosystem allows sharing of actionable intelligence gathered from endpoint security solutions. [16] Also in July, IT consulting firm Atos and Digital Guardian partnered up to deliver Atos’ cloud-based data loss prevention service. [17]

In October, the company bought Code Green Networks, based in Silicon Valley, which contributed its True DLP gear. The acquisition of Code Green Networks provided Digital Guardian with network, discovery, and cloud data loss prevention. [18] [19]

The company added 100 customers in 2015, bringing the total count to nearly 500, including General Electric and DuPont. At the end of the year, Digital Guardian announced $66 million in new funding, the firm's largest round since it was founded. Returning investors in the round were GE Pension Trust (advised by GE Asset Management), Fairhaven Capital Partners, Loring Wolcott & Coolidge, Special Situation Funds and Brookline Venture Partners. New investors were LLR Partners, Mass Mutual Ventures (the corporate venture capital arm of Massachusetts Mutual Life Insurance Company) and the venture unit of Siemens Financial Services. The company raised $135 million since its founding.

HelpSystems Acquires Enterprise Data Loss Prevention Leader Digital Guardian October 27, 2021. [20]

Related Research Articles

<span class="mw-page-title-main">McAfee</span> American global computer security software company

McAfee Corp., formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California.

<span class="mw-page-title-main">Trend Micro</span> Japanese multinational cyber security company

Trend Micro Inc. is an American-Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, and cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.

Sophos Ltd. is a British security software and hardware company. It develops and markets managed security services and cybersecurity software and hardware, such as managed detection and response, incident response and endpoint security software. Sophos was listed on the London Stock Exchange until it was acquired by Thoma Bravo in March 2020.

Acronis International GmbH, simply referred to as Acronis, is a Swiss cybersecurity and data protection technology company with its corporate headquarters in Schaffhausen, Switzerland and global headquarters in Singapore. Acronis develops on-premises and cloud software which integrate cybersecurity, backup, disaster recovery, and endpoint management. Acronis has 15 offices worldwide. Its R&D centers, Acronis Labs, are based in Bulgaria, the United States, Italy, Serbia and Singapore. Acronis has 55 cloud data centers around the world, including the United States, France, Singapore, Japan, and Germany.

Fortinet, Inc. is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.

Webroot Inc. is an American privately-held cybersecurity software company that provides Internet security for consumers and businesses. The company was founded in Boulder, Colorado, US, and is now headquartered in Broomfield, Colorado, and has US operations in San Mateo and San Diego, and globally in Australia, Austria, Ireland, Japan and the United Kingdom.

<span class="mw-page-title-main">Sourcefire</span> American computer security company

Sourcefire, Inc was a technology company that developed network security hardware and software. The company's Firepower network security appliances were based on Snort, an open-source intrusion detection system (IDS). Sourcefire was acquired by Cisco for $2.7 billion in July 2013.

<span class="mw-page-title-main">Symantec Endpoint Protection</span> Computer security software

Symantec Endpoint Protection, developed by Broadcom Inc., is a security software suite that consists of anti-malware, intrusion prevention and firewall features for server and desktop computers.

<span class="mw-page-title-main">Proofpoint, Inc.</span> American cybersecurity company

Proofpoint, Inc. is an American enterprise cybersecurity company based in Sunnyvale, California that provides software as a service and products for email security, identity threat defense, data loss prevention, electronic discovery, and email archiving.

<span class="mw-page-title-main">Malwarebytes</span> Internet security company

Malwarebytes Inc. is an American Internet security company that specializes in protecting home computers, smartphones, and companies from malware and other threats. It has offices in Santa Clara, California; Clearwater, Florida; Tallinn, Estonia; Bastia Umbra, Italy; and Cork, Ireland.

<span class="mw-page-title-main">Kaspersky Lab</span> Russian multinational cybersecurity and anti-virus provider

Kaspersky Lab is a Russian multinational cybersecurity and anti-virus provider headquartered in Moscow, Russia, and operated by a holding company in the United Kingdom. It was founded in 1997 by Eugene Kaspersky, Natalya Kaspersky and Alexey De-Monderik. Kaspersky Lab develops and sells antivirus, internet security, password management, endpoint security, and other cybersecurity products and services.

<span class="mw-page-title-main">Blue Coat Systems</span> American cybersecurity and network management company

Blue Coat Systems, Inc., was a company that provided hardware, software, and services designed for cybersecurity and network management. In 2016 it was acquired by and folded into Symantec and in 2019 as part of Symantec’s Enterprise Security business it was sold to Broadcom.

Trusteer is a Boston-based computer security division of IBM, responsible for a suite of security software. Founded by Mickey Boodaei and Rakesh K. Loonkar, in Israel in 2006, Trusteer was acquired in September 2013 by IBM for $1 billion.

Commvault Systems, Inc. is an American publicly traded data protection and data management software company headquartered in Tinton Falls, New Jersey. Commvault enterprise software can be used for data backup and recovery, cloud and infrastructure management, retention and compliance.

<span class="mw-page-title-main">Dell Software</span> Former software division of Dell, Inc.

Dell Software was a former division of Dell with headquarters in Round Rock, Texas, United States. Dell Software was created by merging various acquisitions by Dell Inc., the third-largest maker of PCs and now a privately held company, to build out its software offerings for data center and cloud management, information management, mobile workforce management, security and data protection for organizations of all sizes.

<span class="mw-page-title-main">RiskIQ</span> American cyber security company

RiskIQ, Inc. was a cyber security company that was based in San Francisco, California. It provided cloud-based software as a service (SaaS) for organizations to detect phishing, fraud, malware, and other online security threats.

Invincea, Inc. was a company that offered a suite of endpoint protection software products. Originally called Secure Command LLC, Invincea, Inc. was a venture-backed software company that provided malware threat detection, prevention, and analysis to stop advanced threats. It was acquired by Sophos in February 2017.

Lastline, Inc. is an American cyber security company and breach detection platform provider based in Redwood City, California. The company offers network-based security breach detection and other security services that combat malware used by advanced persistent threat (APT) groups for businesses, government organizations and other security service providers. Lastline has offices in North America, Europe, and Asia.

Forcepoint is an American multinational corporation software company headquartered in Austin, Texas, that develops computer security software and data protection, cloud access security broker, firewall and cross-domain solutions.

WatchGuard, formally known as WatchGuard Technologies, Inc, is an American technology company based in Seattle, Washington. It specializes in network security solutions aimed at safeguarding computer networks from external threats such as malware and ransomware.

References

  1. ↑ "Locations". Digital Guardian. Retrieved 28 April 2016.
  2. ↑ Gregory T. Huang (6 October 2015). "Digital Guardian Buys Code Green as Security Industry Consolidates". Xconomy. Retrieved 10 March 2016.
  3. ↑ David L. Harris (5 August 2014). "Security software firm Verdasys reboots as Digital Guardian, in process of closing $20M round". Boston Business Journal. Retrieved 10 March 2016.
  4. ↑ Doug Woodburn (5 January 2015). "Buying British: Clearswift claims new DLP tech is taking off". CRN. Retrieved 10 March 2016.
  5. 1 2 Robert Westervelt (19 March 2014). "Verdasys Names New CEO, Plans Broad Channel Push". CRN. Retrieved 10 March 2016.
  6. 1 2 Wade Roush (15 September 2008). "Verdasys Says it Has A Better Way to Protect Web Transactions Against Malware". Xconomy. Retrieved 10 March 2016.
  7. ↑ "Verdasys Partners with Fidelis Security Systems to OEM Fidelis XPS Network Security Solution". Reuters. 16 November 2010. Retrieved 10 March 2016.[ dead link ]
  8. ↑ Fahmida Y. Rashid (26 January 2012). "Verdasys Offers Enterprise Data Leak Protection as Managed Service". eWeek. Retrieved 10 March 2016.[ permanent dead link ]
  9. ↑ Anna Ribeiro (13 December 2012). "Verdasys Digital Guardian meets government standards for common criteria security certification". Computer Technology Review. Retrieved 10 March 2016.[ permanent dead link ]
  10. ↑ Robert Westervelt (18 September 2013). "Verdasys Aims To Make FireEye Data Actionable With Automated Response". CRN. Retrieved 10 March 2016.
  11. ↑ "US data security firm Verdasys lands $12M in venture round as new CEO is named". Venture Capital Post. 20 March 2014. Retrieved 10 March 2016.
  12. ↑ Dark Reading (5 March 2014). "Identity Finder, Verdasys Team". Information Week. Retrieved 10 March 2016.
  13. ↑ Dan Primack (16 October 2014). "Term Sheet -- Thursday, October 16". Fortune. Retrieved 10 March 2016.
  14. ↑ David L. Harris (16 October 2014). "Digital Guardian enters world of mobile and cloud data security with Armor5 acquisition". Boston Business Journal. Retrieved 10 March 2016.
  15. ↑ Mike Vizard (13 May 2015). "Digital Guardian Acquires Savant Protection for Application Whitelisting". IT Business Edge. Retrieved 10 March 2016.
  16. ↑ Joao Lima (29 July 2015). "Endpoint Alliance Ecosystem promises fight against malware". Digital Guardian.
  17. ↑ "Atos partners with Digital Guardian for data loss service". Consultancy.uk. 17 July 2015. Retrieved 10 March 2016.
  18. ↑ Tim Greene (6 October 2015). "Digital Guardian buys Code Green to gain data-loss prevention tech". Network World. Retrieved 10 March 2016.
  19. ↑ Hiawatha Bray (6 October 2015). "Digital Guardian scoops up Code Green". Beta Boston. Retrieved 10 March 2016.
  20. ↑ https://www.digitalguardian.com/about/news-events/press-releases/helpsystems-acquires-enterprise-data-loss-prevention-leader-digital
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.