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."

The plan, Skurla told eWEEK, is to integrate the technology into the NitroView SIEM product family.

Customers using LogMatrix technology include AT&T and the city of Seattle, which in a partnership with the University of Washington and the University of Michigan is utilizing it to address the logical security of shared critical infrastructure in the Puget Sound metropolitan region.

"Targeted attacks and malware are becoming more sophisticated and harder to detect every day, with many 'moving up the stack' to the application layer," Skurla said. "The new risk-based correlation technology complements NitroSecurity's rule-based technology and gives security analysts two powerful tools to detect and respond to cyber-threats, making them more effective and efficient. It will also incorporate data from NitroSecurity's advanced application data monitoring and database activity monitoring solutions to detect higher layer threats and malware."