Ottawa-based Interset acquired by UK software company

Interset, a SaaS company specializing in cybersecurity and security analytics software, has been acquired by UK-based Micro Focus.

Micro Focus is a software company focused on building and selling software relating to four areas: Enterprise DevOps, Hybrid IT Management, Predictive Analytics, as well as Security, Risk, and Governance.

“[We] recognized an even more advanced analytics ecosystem was needed…[and] identified Interset as a critical addition to our strategy.”

Micro Focus said the addition of Interset’s predictive analytic technology adds to its Security, Risk, and Governance portfolio, which concentrates on managing identities, securing applications, and protecting data. Interset’s tech will also supplement Micro Focus’ Big Data analytics software, Vertica, and Micro Focus ArcSight, a real-time correlation engine.

“Security is at the heart of every organization, and perhaps never more so than as they implement their digital transformation initiatives and leverage emerging technologies to better predict and take action on credible threats,” said John Delk, senior vice president and general manager of Security, Risk, and Governance at Micro Focus. “Micro Focus recognized an even more advanced analytics ecosystem was needed to assist in this journey, and we identified Interset as a critical addition to our strategy.”

Interset’s technology works with user and entity behavioural analytics (UEBA) and machine learning to assist companies with cyber threat-detection. Micro Focus said the acquisition will help it offer a more robust UEBA system.

“Our ‘data in, intelligence out’ methodology will deliver an even more complete set of benefits for our combined customers, allowing them to leverage near real-time information to address both immediate and long-term threats,” said Mark Smialowicz, Interset’s CEO.

Interset’s technology has been used in industries including energy, aerospace, high-tech, defence, and government. Interset technology uses extensible analytics, principled math, and scalable big data to assess and identify cyber threats.

In 2015, Interset was one of 20 startups chosen for C100’s 48 hours in the valley, an event hosting the “most exciting” startups in Canada.

Featured image via Pixabay.


Sera Wong

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