NitroSecurity Buys Risk Assessment Security Technology
NitroSecurity announced Oct. 9 it had acquired the security business of LogMatrix for an undisclosed sum and plans integrate its risk-based correlation technology to fight cyber-threats.Security information event management vendor NitroSecurity has bought the security business of LogMatrix, bringing new technology into the fold NitroSecurity said will help with risk assessments. Terms of the deal were not disclosed, but the company announced the buy along with news it had received $6 million in Series B funding.
"The LogMatrix technology is a new risk-based correlation engine that broadens the visibility into cyber-threats on a network," explained Jerry Skurla, executive vice president of Marketing at NitroSecurity. "It does not depend on specific rules to trigger, but instead assigns a weight to all events and maintains a series of thermometers for different assets. A hotter thermometer indicates that more suspicious activity is being detected."