Threat Exposure Management company Flare announced the acquisition of Foretrace, a data exposure company known for its Total Recon detection engine.
The transaction marks a milestone in Flare’s journey since its 2017 founding, and comes at a time when it celebrates triple-digit YOY growth (2023).
“Bringing Foretrace into the Flare family further broadens our capabilities for collecting emergent threat data while also deepening our expertise, ensuring that we can be in a great position to lead the way in TEM,” said Norman Menz, CEO, Flare. “This acquisition is a testament to our commitment to innovation and excellence, as we empower organizations to navigate the threat landscape with confidence and precision.”
The increasing volume and variety of external threat exposures means that organizations are more challenged than ever before with identifying, prioritizing and mitigating risks across the attack surface. Foretrace’s technology enables improved correlation and contextualization of threat exposure data with GenAI systems trained to provide assistance for users in threat investigations. Adding these improvements to Flare’s platform – which amalgamates the coverage of previously siloed technology solutions such as cyber threat intelligence, attack surface management and digital risk protection – promises to deliver better outcomes for customers looking to build out TEM programs.
As part of the deal, Flare also announced that Foretrace founding executives Nick Ascoli and Matt Mosley will join the company, respectively, as senior product strategist and VP of strategic partnerships. In addition to founding Foretrace, Ascoli is regarded as a cybersecurity innovator who has published open-source tools and presented research at Blackhat, Defcon, GrrCON, SANS, BSides and other conferences on topics including data leaks, attack surface management and reconnaissance. Mosley, meanwhile, brings three decades of experience in cybersecurity leadership, most notably as VP of product management (Cyren), VP of products (Devo), and CPO and CISO (PIXM).
“We are thrilled about joining forces with Flare,” said Mosley. “Together, we are poised to set new standards in threat exposure management, leveraging our combined expertise and innovative technologies to deliver unprecedented value to our customers. We are eager to embark on this exciting new chapter with the Flare team.”
“At its core, Threat Exposure Management is about applying an adversarial lens to external threats,” added Ascoli. “This was a big part of my mission when I founded Foretrace and I couldn’t be more excited to continue it with Flare.”
For more on Flare’s partner program, click here.
