Threatcare Acquires Savage Security, Now Offers Cybersecurity Services
Threatcare, the leader in proactive cyber defense, today announced its acquisition of Savage Security, a privately held provider of cybersecurity services and applied research. Threatcare gains the ability to provide services alongside Violet, the cybersecurity industry’s first virtual assistant, while Savage Security’s founders will continue their services work with the benefit of larger staff and funding. Savage Security will shift to Threatcare’s branding while continuing to provide the innovative and disruptive research and services it is known for.
“We founded Savage Security because we noticed that something critical was missing from the industry,” said Adrian Sanabria, now Director of Research for Threatcare. “Security vendors are doing great and the industry continues to grow at a phenomenal rate. Meanwhile, the average practitioner lives in constant fear, wondering if each day will be the day they get hit with a breach and potentially lose their jobs as a result. We were missing something.”
Founded in 2016 by Adrian Sanabria and Kyle Bubp, now the Director of Strategic Services for Threatcare, Savage Security’s founding goal was to make defending the enterprise simpler, cheaper and easier for practitioners. The founders noticed that organizations typically didn’t lack for tools or budget, but increases in spending didn’t result in a more resilient defensive posture. Savage Security found that, in place of expensive, infrequent services like annual risk assessments and penetration tests, there was a better chance of helping enterprises through smaller, more frequent engagements.
“We found that touching base with our clients on a regular basis and helping them drive towards feasible, short-term goals yielded solid results, more momentum and better morale,” said Bubp. “It’s demoralizing to spend millions trying to achieve what the industry flippantly calls ‘the basics’, only to fall short and get breached anyway. We developed a more effective approach based on our own practitioner experience and past achievements and failures.”
In fact, months before Threatcare approached Savage Security about the acquisition, the companies had formed a formal partnership. Savage Security was assisting Threatcare by developing go-to-market resources and giving feedback for product ideas and improvements. Meanwhile, Threatcare’s Violet software was essential to Savage Security’s Blueprint and Breach Assessment services. The ability to simulate attacker actions in a repeatable and automated fashion provided Savage Security’s clients with much better value than traditional manual security assessments. Manual penetration tests and other security services can vary wildly depending on the individual performing them and their particular depth and breadth of skills and experience.
In addition to Savage Security’s monthly subscription-based services which will be paired with Threatcare’s Violet software going forward, the Knoxville, Tennessee-based group is capable of performing a wide range of services from lab-based product due diligence assessments to ad-hoc red team engagements to incident response. The acquisition deal closed on December 16th, 2017 for an undisclosed sum, shortly after Threatcare closed a $1.4m seed round lead by Moonshots Capital.
“I am very proud to announce Threatcare’s acquisition of Savage Security,” said Marcus Carey, founder and CEO of Threatcare. “I’ve known and respected Adrian and Kyle for many years. Threatcare’s ability to now offer strategic services—in addition to software—enables us to be a one stop solution for many security teams. Ultimately, I set out to help answer the question, ‘how well do these products work’, while the guys at Savage set out to answer the question, ‘how well do these processes work’. Pulling the two together is a winning combination.”
Launched in 2014, Threatcare allows organizations to better defend against cybersecurity threats by improving vulnerability management and defense capabilities. Threatcare’s Violet platform is a BAS Technology (Breach and Attack Simulation Technology) that allows security teams, incident responders, and network forensic practitioners to reduce their attack surface by continuously monitoring their cybersecurity posture.
For more information, please visit: https://www.threatcare.com.
About Savage Security
Based in Knoxville, TN, Savage Security was founded in 2016 with a goal to make defending the enterprise easier, simpler and cheaper. Savage Security provides subscription services to its clients, which include monthly allotments of consulting hours, security advisory alerts and strategic guidance. In addition to assessments, Savage also provides product testing and due diligence for vendors and manufacturers.
For more information, please see Savage Security’s full announcement.